
Minda Corporation’s stock rose over 4% in morning trade following the announcement of a strategic acquisition of a 49% stake in Flash Electronics (India) Private Limited. The deal, valued at ₹1,372 crores, highlights Minda’s commitment to expanding its capabilities in the automotive sector.
Minda Corporation’s shares opened at ₹547.00 today, reaching a high of ₹569.75 and a low of ₹543.80 during the session. The stock remains below its 52-week high of ₹652.00 but significantly above its 52-week low of ₹365.85.
Acquisition Details
- Total Shares Acquired: 2,55,40,578 equity shares.
- Share Price: ₹537.18 per share.
The acquisition is set to be finalized by January 31, 2025, signaling a strong start to the year for Minda Corporation. This acquisition is expected to boost synergies in product innovation, customer reach, and manufacturing efficiency.
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