Minda Industries has informed that Board of Directors of the company at its meeting held on December 22, 2018, approved acquisition of Magnetic Speed & Position Sensors (Cam, Crank & TISS sensor products) business from Sensata Technologies, that is, Business Transfer of CAM, Crank & TISS sensors, sharing of know-how, Technical support and Engineering support for 5 years.
The above information is a part of company’s filings submitted to BSE.