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MoneyWorks4Me

Minda Corporation raises Rs 310 crore through QIP

24 May 2018 Evaluate

Minda Corporation has successfully completed a Qualified Institutional Placement (QIP) of equity shares raising around Rs 310 crore. High quality international and domestic institutional investors participated in the issue.

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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