Minda Industries has received approval to invest in the equity shares of Tokai Rika Minda India (Tokai Rika Minda) under right issue, aggregating to Rs 25 crore. Tokai Rika Minda is a Joint Venture between Tokai Rika Co, Japan (TRJ) and Minda Industries in which TRJ holds 70% equity shares and Minda Industries holds 30% of equity shares of the said company, engaged in the manufacturing of safety and security systems, electronic components and automotive switches. Meeting of the board of directors of the company held on May 24, 2022 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.
