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Minda Corporation gets nod to raise Rs 310.69 crore

21 May 2018 Evaluate

Minda Corporation’s board has approved the issue and allotment of 1,79,10,645 Equity Shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 173.47 per Equity Share (including a premium of Rs 171.47 per Equity Share), aggregating amount to Rs 310.69 crore. The Securities Issue Committee of the Board of Directors of the company at its meeting held on May 21, 2018 approved for the same.

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.

Minda Corporation Share Price

537.45 -4.20 (-0.78%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 127.20
Tube Investments 3086.35
Bosch 37435.85
UNO Minda 1131.30
CIE Automotive India 468.65
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