Minda Industries to raise Rs 500 crore via QIP

25 Mar 2017 Evaluate

Minda Industries has received approval from its fund-raising committee for qualified institutional placement (QIP) of shares worth Rs 500 crore. The committee has fixed the floor price of the issue at RS 436.66 a share and may offer a discount of 5 per cent to institutional buyers.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

UNO Minda Share Price

687.00 1.30 (0.19%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 117.05
TVS Holdings 8104.15
Bosch 30046.25
UNO Minda 687.00
Varroc Engineering 511.25
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