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.
