Uno Minda has raised Rs 150 crore through the allotment of 15,000 Unsecured, Listed, Rated, Redeemable, Non- Convertible, Non-Cumulative, Taxable Debentures (NCDs) having face value of Rs 1,00,000 each on Private Placement basis to the identified investor in third tranche in two series i.e., of Rs 100 crore (Series I) and Rs 50 crore (Series II) respectively. The company is in the process of applying for the listing of these aforesaid Debentures at BSE, Designated Stock Exchange. The NCD Committee of the Board of the Company at its meeting held on January 3, 2025, has considered and approved allotment of the same.
Now, with this allotment, along with previous allotments made in 1st and 2nd Tranche the company has fully allotted the NCDs of Rs 400 crore which was approved by the Board of Directors in its meeting held on August 09, 2023.
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.
