# 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.

- Type: Acquisition
- Announced: 2021-06-13
- Where: India
- Value: $15.5M (1.15B INR)
- Status: announced
- Products: moulded foam, armrest, headrests, seats, polyurethane composites, spring aids, bump stops
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minda Industries](https://endata.com/companies/23875.md) (acquirer)
- [Harita Fehrer Limited](https://endata.com/companies/37358.md) (target)
- [F.S. Fehrer Automotive GmbH](https://endata.com/companies/55799.md) (partner)
- [FS Fehrer GmbH](https://endata.com/companies/55806.md) (partner)

## Sources

- [equitybulls.com](https://www.equitybulls.com/news/291076/minda-industries-ltd-to-acquire-jv-partner-s-stake-in-harita-fehrer-ltd), 2021-06-13: "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."
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/minda-industries-acquires-jv-partner-stake-in-harita-fehrer-q4-net-profit-up-8-fold-at-inr-164-crore/83500442), 2021-06-14: "Post-acquisition, Harita Fehrer will become a wholly owned subsidiary of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.