Minda Industries is currently trading at Rs. 825.00, up by 21.30 points or 2.65% from its previous closing of Rs. 803.70 on the BSE.
The scrip opened at Rs. 820.00 and has touched a high and low of Rs. 845.00 and Rs. 810.00 respectively. So far 26616 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 845.90 on 26-Jul-2017 and a 52 week low of Rs. 248.56 on 30-Aug-2016.
Last one week high and low of the scrip stood at Rs. 845.00 and Rs. 777.00 respectively. The current market cap of the company is Rs. 7103.63 crore.
The promoters holding in the company stood at 69.76%, while Institutions and Non-Institutions held 14.36% and 15.88% respectively.
Minda Industries (MIL) has received an approval for acquiring 60% stake of MI Torica India (MI Torica), comprising of 54,00,000 equity shares of the face value of Rs 10 each from the shareholders including related parties at Rs 16.29 per share, based on the valuation report of an Independent valuer, for a total consideration up to Rs 8.80 crore. On acquisition of the same, MI Torica will become a subsidiary of the company. The board of directors at its meeting held on August 29, 2017 has approved for the same.
MI Torica is a joint venture company, in which NK Minda Group is holding 60% equity and 40% equity is held by Tokal Rika Create Corporation (TRCC), Japan.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
| Company Name | CMP |
|---|---|
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| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
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