MIC Electronics has entered into Memorandum of Understanding (MoU) with M/s Refit Global (Refit). The agreement is to explore a potential strategic transaction, which may include investment (equity/debt/hybrid), acquisition of shares/assets/business, share swap, preferential issue, or other mutually agreed arrangements. The collaboration brings together MIC Electronics’ decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength with Refit Global’s advanced refurbishment platforms, certified supply chains, and strong B2C market penetration.
The result is a next-generation circular electronics platform positioned to drive sustainable growth, accelerate digital inclusion, and unlock unprecedented value across the refurbished electronics value chain. The proposed transaction is subject to due diligence, internal approvals and regulatory approvals.
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software.
