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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