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Minda Corporation soars on getting NCLT’s nod to amalgamate five subsidiaries with itself

06 Aug 2019 Evaluate

Minda Corporation is currently trading at Rs. 82.30, up by 1.10 points or 1.35% from its previous closing of Rs. 81.20 on the BSE.

The scrip opened at Rs. 82.15 and has touched a high and low of Rs. 82.70 and Rs. 81.45 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 163.45 on 09-Aug-2018 and a 52 week low of Rs. 80.70 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 87.00 and Rs. 80.70  respectively. The current market cap of the company is Rs. 1850.73 crore.

The promoters holding in the company stood at 68.08%, while Institutions and Non-Institutions held 15.19% and 16.73% respectively.

Minda Corporation has received National Company Law Tribunal’s (NCLT) approval for scheme of amalgamation of five domestic Indian wholly owned subsidiary companies i.e. Minda Management Services, Minda SAI, Minda Automotive Solutions, Minda Autoelektrik & Minda Telematics and Electric Mobility Solutions into the company.

The Amalgamation is expected to be beneficial as it would create greater synergies among the businesses and would enable them to have access to wider financial resources, increase the managerial efficiencies, lowering of cost structure and higher transparency.

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

534.80 2.05 (0.38%)
20-Apr-2026 09:27 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 124.90
Tube Investments 2772.10
Bosch 37810.00
UNO Minda 1095.60
CIE Automotive India 492.60
View more..

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