Uno Minda has received an approval for the acquisition of remaining 3.81% stake of Uno Minda Europe Gmbh (Step Down-Subsidiary of the Company) held by George Hutter at a consideration of Euro 1.3 million by SAM Global (Wholly Owned Subsidiary of the Company). Post-acquisition, Uno Minda Europe Gmbh will become wholly owned subsidiary of the Company. The Board of Directors of the Company in its Meeting held on September 12, 2023 has approved the same.
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.
