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Minda Industries shines on getting nod for second tranche of investment in CSE Dakshina Solar

22 Jul 2021 Evaluate

Minda Industries is currently trading at Rs. 735.55, up by 16.90 points or 2.35% from its previous closing of Rs. 718.65 on the BSE.

The scrip opened at Rs. 732.25 and has touched a high and low of Rs. 742.80 and Rs. 727.10 respectively. So far 3629 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 742.80 on 22-Jul-2021 and a 52 week low of Rs. 274.72 on 30-Jul-2020.

Last one week high and low of the scrip stood at Rs. 742.80 and Rs. 695.60 respectively. The current market cap of the company is Rs. 20319.92 crore.

The promoters holding in the company stood at 70.87%, while Institutions and Non-Institutions held 20.09% and 9.03% respectively.

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.

UNO Minda Share Price

1170.70 -7.35 (-0.62%)
11-May-2026 15:03 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 130.20
Tube Investments 2992.65
Bosch 37275.00
UNO Minda 1170.70
CIE Automotive India 476.15
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