Minda Industries has received approval for second tranche of investment in equity shares of CSE Dakshina Solar, the Special Purpose Vehicle (the SPV) Company. The Committee approved the acquisition of 1,78,250 equity shares of CSE Dakshina Solar of the face value of Rs 10 each at a premium of Rs 70 i.e. Rs 80 per share, aggregating to Rs 1.43 crore.
With the aforesaid acquisition of shares, the company holds 27.71% stake of total paid-up share capital of the SPV. The aforesaid acquisition of the shares is for availing solar power for its plant at Chennai in Tamil Nadu. The Board of the Company at its meeting held on July 20, 2021 has approved the same.
Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
| View more.. | |
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