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Minda Corporation informs about acquisition of shares by subsidiary company

01 Oct 2015 Evaluate

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

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
SamvardhanaMotherson 160.45
Tube Investments 2185.35
Bosch 44877.25
UNO Minda 1115.25
Bombay Burmah Trdg. 1232.25
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