Minda Industries signs definitive agreement to acquire Rinder India

Image
Capital Market
Last Updated : Mar 03 2016 | 7:28 PM IST

Having manufacturing facilities in Pune (Chakan and Pimpri) and at Bahadurgarh in Haryana

Minda Industries has signed a definitive agreement to acquire Rinder India (RIPL), from Rinder Industrial, Spain.

RIPL is a leading automotive lighting manufacturer for two-wheelers and commercial vehicles with manufacturing facilities in Pune (Chakan and Pimpri) and at Bahadurgarh in Haryana.

In Addition to above, Global Mazinkert, S.L. Spain, wholly owned subsidiary of Minda Industries, has also signed a definitive agreement to acquire 100% equity shares Light & Systems Technical Center, S.L. Spain and 50% equity shares of Rinder Riduco, S.A.S. Columbia from Corporation Rinder Spain.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 03 2016 | 7:11 PM IST

Next Story