The merger, subject to necessary statutory and regulatory approvals, is expected to be completed over the next six to eight months, Minda Corp said in a statement.
"All assets and liabilities of these companies shall be transferred to Minda Corp at book value as on the designated appointed date of April 1, 2018," the company said.
The revenue of the merged entity will increase to around Rs 19.72 billion compared to standalone revenue of Rs 9.70 billion, based on FY18 results.
The proposed merger will not result in expansion of equity capital or change in shareholding pattern of Minda Corporation, it added.
"Spark Minda family is excited about the proposed merger of 100 per cent Indian subsidiaries which would result in simplification of corporate structure and a larger standalone entity.