Minda Industries is currently trading at Rs. 890.75, up by 47.50 points or 5.63% from its previous closing of Rs. 843.25 on the BSE.
The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 910.00 and Rs. 884.00 respectively. So far 3,738 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 996.00 on 04-Jan-2016 and a 52 week low of Rs. 475.00 on 08-Sep-2015.
Last one week high and low of the scrip stood at Rs. 910.00 and Rs. 752.25 respectively. The current market cap of the company is Rs. 1,419.00 crore.
The promoters holding in the company stood at 70.89% while Institutions and Non-Institutions held 2.56% and 26.55% respectively.
Minda Industries, an automobile components manufacturer, has acquired the global lighting business of Spain based Rinder Group that manufactures automotive lamps- Head Lamp, Tail Lamps and Small lamps. The enterprise value for the total deal is 20 million euro. The acquisition includes 100% equity holding in Rinder India and Light Systems and Technical Center, Spain along with 50% equity holding in Rinder Riducu, Colombia. The deal will be financed through internal accruals and the debts.
At present in Minda Industries, one of the key product is Automotive Lighting, which is being manufactured at its plants at Manesar, Pune and north of Delhi, having turnover of around Rs 300 crore per annum. With this acquisition, Minda Industries, Lighting business will have turnover in excess of Rs 700 crore which is currently around 300 crore per annum.
Minda Industries is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
| View more.. | |
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