Minda Industries has invested in shares of Strongsun Renewables (the SPV) by acquiring 33,750 nos. of equity shares of face value of Rs 10 each at a premium of Rs 70 each i.e. Rs. 80 per share aggregating to Rs 27 lakh. Accordingly, pursuant to above acquisition of shares, the company holds 27.55% of total paid-up share capital of the SPV. This investment is for the company to avail solar power from the SPV for its units situated at Maharashtra region.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
