Uno Minda has received an approval to raise upto Rs 1,500 crore through issue of securities including foreign currency convertible bonds (FCCBs), other financial instruments/securities convertible into Equity Shares, any secured or unsecured Bonds/Non-Convertible Debentures (NCDs)/other permissible Debt Securities by way of a public or private placement including but not limited to Qualified Institutions Placement (QIP) in one or more tranches, during a period of one year from the date of passing of Special Resolution by the Members of the Company, for company's growth strategy and to augment the long term resources of the company for meeting funding requirements of its business activities and general corporate and other purposes.
The board of directors at its meeting held on May 18, 2023 has approved the same. The company will now seek shareholders' approval, to issue the above mentioned securities, in domestic and/or overseas market from eligible investors on such terms and conditions as may be determined / considered appropriate by the Board or any committee thereof, as per the applicable provisions of the Companies Act, 2013 and SEBI Regulations.
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.
| 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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