Motilal Oswal Private Equity Advisors Private Limited, the private equity arm of Motilal Oswal Financial Services Ltd, has invested Rs 40 crore in Minda Industries Ltd, a leading auto component company in the country.
Started in 1957 as a meter manufacturer, Minda is mainly engaged in the designing, developing and manufacturing of switches and Lighting for 2/3/4 wheelers. They have recently ventured into automotive batteries and blow moulded products for two and four wheelers.
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