MoneyWorks4Me

Uno Minda sells 26% stake in Minda Nexgentech

02 Jun 2023 Evaluate

Uno Minda has completed the sale of 26% stake (31,20,000 equity shares of face value of Rs 10 each) held in Minda Nexgentech (MNGTL) to Pioneer Finest at a total consideration of Rs 2.08 crore. Accordingly, effective from May 31, 2023, MNGTL has ceased to be an associate company of Uno Minda. 

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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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