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Minda Corporation inks definitive agreement to acquire 100% stake in PAEL

04 Apr 2016 Evaluate

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.



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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