# 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.

- Type: Acquisition
- Announced: 2021-11-02
- Where: Gurugram, India
- Value: $21.5M (1.61B INR)
- Status: completed
- Products: automotive instrument clusters, sensors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stoneridge](https://endata.com/companies/21288.md) (target)
- [Minda Corp.](https://endata.com/companies/54310.md) (acquirer)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/spark-minda-group-acquires-stoneridge-jv-stake-eyes-more-acquisitions-in-future-with-a-100-million-investment-plan-/87490121), 2021-11-02: "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."
- [news.ventureintelligence.com](https://news.ventureintelligence.com/ma/minda-corp-buys-out-stoneridges-49-in-jv-for-rs161cr-readies-100m-for-more-acquisitions), 2021-11-03: "Minda Corp has bought partner Stoneridge's 49% stake for INR 161.09 crore in the Minda-Stoneridge joint venture to take full control of the automotive instrument cluster and sensors business."

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