Minda Corporation is currently trading at Rs. 131.20, up by 8.05 points or 6.54% from its previous closing of Rs. 123.15 on the BSE.
The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 132.60 and Rs. 126.35 respectively. So far 109098 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 148.00 on 16-Jul-2021 and a 52 week low of Rs. 64.90 on 04-Nov-2020.
Last one week high and low of the scrip stood at Rs. 132.60 and Rs. 118.00 respectively. The current market cap of the company is Rs. 3072.17 crore.
The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 18.47% and 16.81% respectively.
Minda Corporation’s wholly owned subsidiary -- Spark Minda Green Mobility Systems (SMGMS) has signed Shares Subscription and Shareholders agreement with EVQPOINT Solutions (EVQPOINT) and its promoters & Other Ancillary agreements with EVQPOINT including Technology License Agreement (TLA) on September 01, 2021. Pursuant to the Shares Subscription and Shareholders Agreement SMGMS has agreed to subscribe for allotment of at least 26% of the equity share capital of the EVQPOINT and EVQPOINT agreed to issue and allot the said equity shares on mutually agreed terms & conditions.
SMGMS and EVQPOINT have also entered into Technology License Agreement (TLA) and Joint Collaboration & Technical Assistance Agreement. This partnership with EVQPOINT is meant to strengthen the Spark Minda Group’s EV Supply Equipment (EVSE) portfolio and offer battery chargers for both onboard and offboard configurations in the range of 250 W to 6.6 KW, with a roadmap for further range expansion.
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.
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