Bengaluru, June 23 -- The shares of the global leader in LED Video Displays plummeted by 2 percent in today's morning session after the company's promoters offloaded 21,42,322 equity shares via a bulk deal.

With a market capitalization of Rs 1,303.39 crore, the shares of MIC Electronics Ltd were trading at Rs 54.17 per share, increasing around 0.41 percent as compared to the previous closing price of Rs 53.99 apiece.

According to the NSE Deal, Promoter entity R R K Enterprise has offloaded 21.42 lakh shares, which is equivalent to 0.89 percent stake in the company at an average price of Rs 54.07 per share. As of March 2025, R R K Enterprise owns 14,38,33,103 equity shares, which represent 59.68 percent of the company.

Looking forward t...