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MIC Electronics and LG Innotek reached an agreement to jointly develop highly energy efficient LED lighting products using components manufactured by LG Innotek. Considering the extensive experience of MIC in LED product technologies and its established brand image, LG Innotek gave its consent to MIC for using its LG Innotek brand name on all the LED lighting products manufactured by MIC using the components manufactured by LG Innotek. Shares of MIC Electronics closed at ₹20.5, up 17.1 per cent on the NSE.
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