In continuation to earlier intimation dated 4th February, 2021, Minda Industries has informed that the Board of Minda TG Rubber has issued 1,111,506 new equity shares to the joint venture partner Toyoda Gosei Co. Ltd., Japan. Accordingly, Minda TG Rubber will no longer continue as subsidiary of the company. It is informed that now Minda TG Rubber will be an associate of the company.
The above information is a part of company’s filings submitted to BSE.