Minda Corporation has executed a Share Subscription Agreement with Sunsure Energy and Sunsure Solarpark Sixteen to acquire 26% equity of Sunsure Solarpark Sixteen. The objective of acquisition is to reduce the power cost by way of shifting towards the solar and wind power energy, which are cost effective and environment friendly. The acquisition cost is up to Rs 57.75 lakh and is expected to be completed within 6 months.
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.
