Minda Corporation has received approval for an additional investment of up to Rs 37 crore in Minda HCMF Technologies, a joint venture company of the Company with HCMF Co., (shareholding ratio 50:50), by way of subscription to 3 crore equity shares of Rs 10 each. Pursuant to the proposed allotment, the company's total investment in the joint venture will increase to around Rs 60 crore, comprising of around 6 crore equity shares of Rs 10 each.
The Board of Directors of the Company at its meeting held on November 3, 2026, has approved the same.
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.
