Minda Corporation acquires 49% stake in Flash Electronics for Rs 1,372 crore

Minda Corporation Ltd. has announced a strategic acquisition of a 49% stake in Flash Electronics (India) Private Limited for ₹1,372 crores. This partnership is set to enhance synergies in products, customers, technology, and manufacturing.

Key Highlights:

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  1. Acquisition Details:
    • Total shares: 2,55,40,578 equity shares.
    • Share price: ₹537.18 per share.
  2. About Flash Electronics:
    • Established in 1989, headquartered in New Delhi.
    • Specializes in automotive products like electrical systems, gears, and throttle bodies for two, three, and four-wheelers.
    • Operates 8 manufacturing plants in India, Germany, and Hungary.
    • Consolidated turnover: ₹1,340.02 crores (FY 2023-24).
  3. Impact:
    • Aimed at leveraging synergies in product innovation, customer reach, and manufacturing excellence.
  4. Completion Timeline:
    • Acquisition to be finalized by January 31, 2025.

This move solidifies Minda Corporation’s position in the automotive components industry, opening avenues for growth in electric mobility and global expansion.

In the meantime, Minda Corporation shares opened today at ₹547.00, hitting a high of ₹562.00 and a low of ₹543.80 today. The stock’s 52-week range spans ₹365.85 to ₹652.00, reflecting significant market activity.