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MICEL — MIC Electronics News Story

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India's MIC Electronics rises on MoU with Chipex for semiconductor products

** Shares of MIC Electronics MELC.NS up 3.9% at 57.1 rupees

** The electronic components maker enters into memorandum of understanding with Chipex Technologies to jointly develop custom semiconductor products

** Stock set to rise most in a session since Sept 10

** YTD, MELC down ~32%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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