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Minda Industries gains on acquiring 100% shares of Clarton Horn

17 Apr 2013 Evaluate

Minda Industries is currently trading at Rs. 158.70, up by 8.70 points or 5.80% from its previous closing of Rs. 150.00 on the BSE.

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 158.70 and Rs. 146.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.00 on 12-Dec-2012 and a 52 week low of Rs. 143.00 on 15-Apr-2013.

Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 143.00 respectively. The current market cap of the company is Rs. 251 crore.

The promoters holding in the company stood at 65.98% while Institutions and Non-Institutions held 2.89% and 31.13% respectively.

Minda Industries has acquired 100% shares of Clarton Horn S.A.U., a leading manufacturer of automotive electronic horns supplying to all major OEMs in Europe. The company has acquired these shares from PMAn Domestic AG, Germany on April 15, 2013 for Euro 6.8 million. With this initiative, the company aims to become a global player in automotive horns.

Clarton Horn has a manufacturing plant in La Carolina, Spain and Sales Office in Germany. The annual turnover of Clarton Horn for 2012 was Euro 38 million.

Minda Industries is the flagship company of the Minda Group. It commands more than 70% market share in the 2/3 wheeler segment in India

UNO Minda Share Price

1097.30 -12.30 (-1.11%)
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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