Uno Minda has acquired 2,39,05,819 equity shares i.e., 30% stake of Minda Onkyo India (MOIPL) from Onkyo Sound Corporation, Japan, for a total consideration of Rs 1.53 crore, as per the valuation price of Rs 0.65 per equity share. With this acquisition, now the stake of the company in MOIPL stand increased to 80% and MOIPL has become a subsidiary 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.
