Board of Minda Industries approves further investment in Mindarika

At meeting held on 22 November 2017

The Board of Minda Industries has approved further investment of 23,92,400 equity shares of Mindarika at Rs 395.61 per share, for a total consideration up to Rs 94.65 crore. After the acquisition of the above shares, Mindarika will become a subsidiary of the Company.

Mindarika is engaged in the manufacturing of 4 wheeler switches and supplying its products to OEMs including Maruti Suzuki.

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