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Minda Corp. Ltd. ( (IN:MINDACORP) ) has issued an update.
Minda Corporation Limited has entered into a Share Subscription Agreement with Furukawa Electric Company Limited and Furukawa Automotive Systems Inc., increasing the latter’s stake in Furukawa Minda Electric Private Limited from 75% to 82.46%. Consequently, Minda Corporation’s shareholding will decrease from 25% to 17.54%, reflecting a strategic realignment in the joint venture’s ownership structure.
More about Minda Corp. Ltd.
Minda Corporation Limited operates in the automotive industry, focusing on manufacturing automotive components and systems. The company is known for its diverse range of products, including electronic and mechanical security systems, driver information systems, and plastic interiors, catering primarily to the automotive market.
YTD Price Performance: 0.41%
Average Trading Volume: 12,841
Current Market Cap: 123.5B INR
Learn more about MINDACORP stock on TipRanks’ Stock Analysis page.