Mar 20, 2023ACQUISITIONIndia, India Uno Minda to acquire Kosei stakes in two joint ventures in India
Uno Minda approved the acquisition of an 81.69% stake in Kosei Minda Aluminum Company and a 49.90% stake in Kosei Minda Mould from joint venture partner Kosei, Japan, through a share swap. The enterprise values are around INR 60 crore and INR 11 crore respectively.
Products4W alloy wheels
“The acquisition will further consolidate Uno Mind’s leadership position in the segment.”autocarpro.in
- 6 sources
- autocarpro.inUno Minda to consolidate 4W Alloy business by acquiring Kosei stake in joint venture entities in India | Autocar ProfessionalAutocar Professional BureauMar 20, 2023
- thehindubusinessline.comUno Minda to acquire stakes in Kosei Minda Aluminum, Kosei Japan for ₹71 crore - The HinduBusinessLineBL New Delhi BureauMar 20, 2023
- auto.economictimes.indiatimes.comUno Minda acquires Kosei stake in Indian JVs to strengthen 4W alloy business, ETAutoET AutoMar 20, 2023
- equitybulls.comUno Minda to consolidate 4W Alloy business by acquiring Kosei stake in joint venture entities in India | EquityBullsEquity BullsMar 20, 2023
Summarized from public sources; check the original articles before acting on it.
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