Uno Minda has received approval from board of directors for investment in the shares of the Special Purpose Vehicle, Amplus Ampere for infusing the equity of Rs 35 lakh per MWp to avail Solar power and for the purpose of availing Captive Open Access for Solar Energy. The aggregate investment amount will be Rs 6.25 crore.
The purpose of acquiring shares is availing Captive Open Access for Solar Energy with such name as may be approved by the relevant authorities and thereby increasing the Company's utilisation of renewable energy in the state of Maharashtra.
The Board of Directors of the Company, at its adjourned meeting held on March 30, 2025, has, inter-alia, approved the same.
Uno Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
