MoneyWorks4Me

Minda Corporation raises Rs 25 crore via CP

30 Aug 2018 Evaluate

Minda Corporation has raised funds through issuance of Commercial Paper (CP) of Rs 25 crore. This is in line with the management efforts to bring down the cost of the company. The date of issue is August 29, 2018 and it will mature on November 11, 2018.

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 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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