Minda Corporation has received approval from board of directors to acquire 2,55,40,578 Equity Shares with face value of Rs 1 each of Flash Electronics (India) representing 49% of the total issued and paid-up equity share capital.
The investment is a strategic partnership and would help unlock synergies across products, customers, technology and manufacturing excellence. The said acquisition would be completed on or before January 31, 2025.
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.
