MoneyWorks4Me

Uno Minda acquires 49% stake in Minda Nabtesco Automotive

27 Sep 2024 Evaluate

Uno Minda has acquired 24769500 equity shares i.e., 49% stake of Minda Nabtesco Automotive (MNAPL) from Nabtesco Automotive Corporation, Japan, for a total consideration of Rs 1.30 crore. With this acquisition, MNAPL has become an Associate 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.


Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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