Minda Corporation has signed a definitive agreement for acquiring 100% equity shares of Panalfa Autoelektrik (PAEL) from the existing Indian Promoters.
PAEL is an auto component manufacturer engaged in the business of manufacture and sale of Starter Motors and Alternators having different applications for Auto Component / Automotive industries.
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.
