Minda Industries has received an approval regarding hiving off the running business of battery division of the company to a new company, being incorporated. The board at its meeting held on November 21, 2011 has unanimously approved for the same.
Further, the above is subject to the approval by the shareholders of the company. The postal ballot notice, as approved by the board is to be sent to the shareholders of the company on or before November 26, 2011.
Minda Industries, the flagship company of Minda Group, is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles. It commands more than 70% market share in the 2/3 wheeler segment in India.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 123.20 |
| Tube Investments | 2876.95 |
| Bosch | 37764.95 |
| UNO Minda | 1127.90 |
| CIE Automotive India | 485.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: