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Minda Corporation gets nod to raise upto Rs 600 crore through various modes

02 Jun 2023 Evaluate

Minda Corporation has received approval from board of directors for raising of funds by way of further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or any of the permissible modes (in one or more tranches), for an aggregate amount not exceeding Rs 600 crore, in accordance with the relevant provisions of applicable law and subject to approval of the Company’s shareholders and receipt of applicable regulatory approvals. The Board of Directors of the company at its meeting held on June 02, 2023 has considered and approved the same. 

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.

Minda Corporation Share Price

532.75 28.10 (5.57%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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