MIC Electronics announces an acquisition

The acquisition was executed through a preferential allotment, not open-market purchases. The consideration was other than cash, via a share swap. ^[1]

• Pre-acquisition stake: 21,63,030 shares, or 0.90% of MIC Electronics. ^[2]
• Shares acquired: 2,36,16,929 shares, or 7.93%. ^[2]
• Post-acquisition stake: 2,57,79,959 shares, or 8.65%. ^[1]

The percentages are based on the SAST filing’s stated total and diluted voting-capital basis; the equity base increased following the preferential issue.

The disclosure does not state a weighted-average acquisition price per share. It reports that Ebisu received 2,36,16,929 shares, representing 7.93%, through a preferential allotment for non-cash consideration under a share swap; the consideration value or per-share price is not included in the extracted disclosure ^{[2] [1]}.

A separate MIC Electronics announcement refers to a Rs 41.38 per-share preferential issue for the Neo Semi acquisition, but that relates to the broader 5.68-crore-share issue and is not sufficient to establish Ebisu’s specific acquisition price ^[3].

The comparison with the 60-trading-day VWAP before the 9 October 2026 disclosure therefore cannot be calculated from the cited material: the disclosure contains no historical daily price-and-volume series or 60-day VWAP. Accordingly:

• Ebisu acquisition price: not directly disclosed.
• 60-day pre-disclosure VWAP: not available for calculation.
• Premium or discount versus VWAP: cannot be determined without the transaction consideration and the relevant daily trading data.

No—Ebisu Global Opportunities Fund Limited is not identified in the cited filing/news material as a new cap-table entrant. The reported preferential issue relates to up to 5,68,73,418 equity shares for consideration other than cash, but the cited announcement does not name Ebisu as an allottee or disclose its resulting stake.^[4]

The latest quarterly SHP available is Q1 FY27. It reports the aggregate FII holding at 5.58% of total equity, up from 1.84% in Q4 FY26, a 3.74 percentage-point increase. Maybank Securities Pte Ltd is identified as the new foreign holder with 4.43%, or 10.67 million shares.

Implication: the acquisition cannot yet be quantified as an additional FPI holding from the cited evidence. The Q1 FY27 SHP already captures a substantial foreign-investor increase, principally reflected by Maybank’s 4.43% entry; a separate Ebisu holding would need to be confirmed through the allotment filing or the next SHP before it can be added to the 5.58% baseline. Note also that the SHP category is labelled FII, so a direct FPI comparison should use the exchange’s corresponding classification.