Uno Minda’s board has approved the incorporation of a wholly owned step-down subsidiary (WOS) of the Company in Dubai, United Arab Emirates (UAE) for Trading, Import, Export & Re-Export of Uno Minda products for customers in African & Middle East markets.
The WOS to be incorporated in UAE will have its office in Mainland Dubai, Deira with an initial equity investment of up to Rs 50 lakh. The WOS will be a 100% subsidiary of SAM Global, which is a wholly owned subsidiary of the Company situated in Singapore.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
