Uno Minda has acquired 1,51,40,352 equity shares i.e., 19% equity stake in Minda Onkyo India (MOIPL) from Onkyo Sound Corporation, Japan. With this acquisition, now the stake of the company in MOIPL stand increased to 99%.
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.