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Minda Industries concludes acquisition of Panasonic Minda, Roki Minda

03 Oct 2016 Evaluate

Minda Industries has completed the acquisition of Panasonic Minda Storage Batteries India (Panasonic Minda) and investment in Roki Minda Company (Roki Minda). Pursuant to this, the company now holds 100% equity shares of Panasonic Minda Storage Batteries India and 49% equity shares of Roki Minda Company.

Minda Industries is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles.



Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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