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Minda Corporation’s arm acquires 51% stake of Minda Stoneridge Instruments

01 Oct 2015 Evaluate

Minda Corporation’s 100% subsidiary, Minda SAI has acquired 51% equity of Minda Stoneridge Instruments with effect from October 01, 2015. Pursuant to this acquisition, Minda Stoneridge Instruments has become the step-down subsidiary of the Company.

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Electronic Controllers for Electric Vehicles and for Auto OEM's across the Globe. It also manufactures Die Casting Parts for auto and consumer durable industry.

 

Peers
Company Name CMP
SamvardhanaMotherson 159.25
Tube Investments 2260.00
Bosch 50800.00
UNO Minda 1196.90
Bombay Burmah Trdg. 1272.05
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