Minda Industries to acquire 49% stake in Harita Fehrer from F.S. Fehrer Automotive

Minda Industries Ltd approved the purchase of the 49% stake in Harita Fehrer Ltd held by F.S. Fehrer Automotive GmbH for a total consideration of Rs. 115 Crores. Post acquisition, Harita Fehrer will become a wholly owned subsidiary of Minda Industries.

“The Board approved the purchase of 49% stake of HFR, comprising of 98,48,040 equity share of face value Rs.10 each, from its existing shareholder F.S. Fehrer Automotive GmBH for a total consideration of Rs.115 Crores.”equitybulls.com

• 2 sources
• equitybulls.comMinda Industries Ltd to acquire JV partner's stake in Harita Fehrer Ltd | EquityBullsEquity BullsJun 13, 2021
• auto.economictimes.indiatimes.comMinda Industries Q4 PAT: Minda Industries acquires JV partner stake in Harita Fehrer, Q4 net profit up 8-fold at INR 164 crore, ETAutoJun 14, 2021

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