# Uno Minda to acquire remaining stake in Minda Kosei Aluminum Wheel

Uno Minda Ltd's board approved the acquisition of the remaining 22.6% stake in Minda Kosei Aluminum Wheel Private Ltd from Kosei International Trade and Investment Company Ltd for up to Rs 116 crore, making it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2023-02-08
- Where: Chennai, India
- Value: $14.0M (1.16B INR)
- Status: announced
- Products: aluminum alloy wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (acquirer)
- [Kosei](https://endata.com/companies/36361.md) (partner)
- [Kosei](https://endata.com/companies/36361.md) (target)
- [Minda Kosei Aluminum Wheel Private Limited](https://endata.com/companies/54076.md) (target)
- [Kosei International Trade and Investment Company](https://endata.com/companies/68439.md) (partner)
- [Minda Kosei Aluminium Wheels](https://endata.com/companies/68455.md) (target)
- [Kosei Minda Aluminum Company](https://endata.com/companies/69188.md) (target)
- [Kosei Minda Mould](https://endata.com/companies/69189.md) (target)
- [Kosei Minda Aluminium Company](https://endata.com/companies/69224.md) (target)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/market/stocks/uno-minda-to-take-over-minda-kosei-aluminum-board-approves-226-stake-acquisition-15889661.htm), 2023-02-08: "Board approved the purchase of 22.65 percent stake of MKA... for a total consideration upto Rs 116 crore."
- [aluminum.yieh.com](https://www.aluminum.yieh.com/en/indias-uno-minda-to-acquire-remaining-2265-stake-in-minda-kosei-aluminum-wheel/139295), 2023-02-09: "UNO Minda Ltd., formerly Minda Industries Ltd., a global leading automotive component supplier in India, said its board has approved the acquisition of the remaining 22.65% stake in Minda Kosei Aluminum Wheel Pvt. Ltd."
- [autocarpro.in](https://www.autocarpro.in/news/uno-minda-to-acquire-complete-stake-in-minda-kosei-aluminium-wheels-114095), 2023-02-09: "The Gurgaon-based Uno Minda Group has announced to invest Rs 115.5 crore to acquire complete stake in its JV firm – Minda Kosei Aluminium Wheels – by taking hold of the remaining 22.64 percent share from Japanese partner Kosei."
- [alcircle.com](https://www.alcircle.com/news/uno-minda-to-acquire-the-remaining-22-64-ownership-of-minda-kosei-aluminium-wheels-89951), 2023-02-10: "Uno Minda is well placed to capitalise on the developments proposed in the recent Budget with its focus on localisation delivering best-in-class products."
- [business-news-today.com](https://business-news-today.com/uno-minda-to-acquire-koseis-stakes-in-kma-and-kmm-jvs-for-rs-71cr/), 2023-03-21: "Uno Minda said that its board has sanctioned the company’s plan to acquire a stake of 81.69% in Kosei Minda Aluminum Company (KMA) and a 49.9% stake in Kosei Minda Mould (KMM) from its Japan-based joint venture (JV) partner Kosei."
- [mobilityoutlook.com](https://www.mobilityoutlook.com/news/uno-minda-to-consolidate-4w-alloy-business-by-acquiring-kosei-stake/), 2023-03-21: "Uno Minda (formerly known as Minda Industries), a Tier-1 supplier of proprietary automotive solutions and systems to OEMs, has announced that its Board has approved the acquisition of an 81.69% stake in Kosei Minda Aluminum (KMA) and 49.90% stake in Kosei Minda Mould (KMM) from joint venture partner"
- [business-standard.com](https://www.business-standard.com/article/news-cm/uno-minda-to-acquire-kosei-s-stake-in-indian-joint-venture-entities-123032100421_1.html), 2023-03-21: "UNO Minda said that its board has approved the acquisition of 81.69 % stake in Kosei Minda Aluminum Company (KMA) and 49.90% stake in Kosei Minda Mould (KMM) from joint venture partner Kosei, Japan."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5269902/uno-minda-plans-to-acquire-8169-stake-in-kosei-minda-aluminium-50-stake-in-kosei-minda-mould), 2023-03-22: "Uno Minda said that its board has approved the acquisition of a 81.69% stake in Kosei Minda Aluminium and a 49.90% stake in Kosei Minda Mould from JV partner Kosei, Japan"

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