Minda Corporation allots 1.79 crore equity shares

Under QIP issue

The Securities Issue Committee of the Board of Directors of Minda Corporation at its meeting held on 21 May 2018 has approved the issue and allotment of 1,79,10,645 Equity Shares of face value Rs. 2 each to eligible qualified institutional buyers at the issue price of Rs. 173.47 per Equity Share (including a premium of Rs. 171.47 per Equity Share), aggregating amount to Rs. 310.69 crore.

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