Uno Minda Limited (“Uno Minda”) (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (“OEMs”) has announced that its Board has approved acquisition of 81.69 % stake in Kosei Minda Aluminum Company Private Limited (“KMA”) and 49.90% stake in Kosei Minda Mould Private Limited (“KMM”)…
The Board of Minda Industries Limited (MIL) (Flagship company of UNO Minda Group) has approved further investment of Rs 61.2 Crores in Minda Kosei Aluminum Wheels (P) Ltd (Minda Kosei) by way of subscribing to rights issue at face value of Rs 10 per share. The existing shareholders and Joint venture partner has renounced their…
The Board of Minda Industries Limited (MIL) (Flagship company of UNO Minda Group) approved the below mentioned expansion plans in its alloy wheel businesses considering increased demand for its alloy wheels from leading OEMs. Minda Industries Ltd will be expanding its 2W Alloy wheel capacity by 2.0 Mn wheels per annum at its existing Supa…