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Uno Minda gets nod to make additional investment in Uno Minda Auto Spare Parts and Component Trading

12 Nov 2024 Evaluate

Uno Minda has received approval for the further investment of upto Rs 5 crore in the shares of Uno Minda Auto Spare Parts and Component Trading L.L.C., Dubai to be made by Sam Global Pte, Singapore, wholly-owned subsidiary of the company. The proposed acquisition is made to facilitate business operations of the step down wholly owned subsidiary. The proposed investment is expected to be completed in one or more tranches within a period of 3 year.

The Board of Directors of the company in its meeting held on November 12, 2024, 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.


Peers
Company Name CMP
SamvardhanaMotherson 160.00
Tube Investments 2200.00
Bosch 45452.80
UNO Minda 1110.20
Bombay Burmah Trdg. 1247.40
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