Minda Corporation has completed the acquisition of 49% stake in Flash Electronics (India) (Flash) from existing shareholders of Flash. The investment is a strategic partnership and would help unlock synergies across products, customers, technology and manufacturing excellence.
Earlier, the company had received approval from board of directors to acquire 2,55,40,578 Equity Shares with face value of Rs 1 each of Flash representing 49% of the total issued and paid-up equity share capital.
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.
