Minda Corporation acquires Stoneridge's stake in Minda-Stoneridge JV

Minda Corporation, part of Spark Minda Group, bought back Stoneridge's stake in their joint venture, taking full control of the automotive instrument cluster and sensors business. The company also announced a $100 million investment plan over three years.

“On Tuesday, Minda Corporation, a part of Spark Minda Group, bought back a stake from Stoneridge in the Minda-Stoneridge JV, thereby taking full control of its automotive instrument cluster and sensors business.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comSpark Minda Group acquires Stoneridge JV stake, eyes more acquisitions in future with a $100 million investment plan, ETAutoKetan Thakkar, Ashutosh R ShyamNov 2, 2021
• news.ventureintelligence.comMinda Corp buys out Stoneridge's 49% in JV for Rs.161-Cr; readies $100-M for more acquisitions | News – Venture IntelligenceNov 3, 2021

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