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Uno Minda gets nod to acquire further stake in Minda Onkyo India

07 Aug 2024 Evaluate

Uno Minda has received approval to acquire further stake in Minda Onkyo India (MOIPL), a 50:50 Joint Venture Company of Uno Minda and Onkyo Sound Corporation, Japan, by acquisition of 49% stake (Equity Shares) of MOIPL from Onkyo Sound Corporation, Japan, in a phased manner. Post-acquisition, MOIPL shall become Subsidiary of the Company. Further, the business will be similar to the main line of businesses of Uno Minda.

The board has also approved the detailed project report and investment in Sunroof project for an amount of Rs 62.69 crore. The Board of Directors of the Company, at its meeting held on August 07, 2024, has, inter-alia, 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.

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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