# 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.

- Type: Acquisition
- Announced: 2023-03-20
- Where: India, India
- Value: $860K (71.0M INR)
- Status: announced
- Products: 4W 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 Minda Aluminum Company](https://endata.com/companies/69188.md) (target)
- [Kosei Minda Mould](https://endata.com/companies/69189.md) (target)
- [Kosei Japan](https://endata.com/companies/69204.md) (partner)
- [Kosei Minda Aluminium Company](https://endata.com/companies/69224.md) (target)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news/uno-minda-to-consolidate-4w-alloy-business-by-acquiring-kosei-stake-in-joint-venture-entities-in-india-114439), 2023-03-20: "The acquisition will further consolidate Uno Mind’s leadership position in the segment."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/uno-minda-to-acquire-stakes-in-kosei-minda-aluminum-kosei-japan-for-71-crore/article66642055.ece), 2023-03-20: "The acquisition will further consolidate Uno Minda’s leadership position in the segment."
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/uno-minda-acquires-kosei-stake-in-indian-jvs-to-strengthen-4w-alloy-business/98822075), 2023-03-20: "The acquisition will further consolidate Uno Mind’s leadership position in the segment."
- [equitybulls.com](https://www.equitybulls.com/news/329197/uno-minda-to-consolidate-4w-alloy-business-by-acquiring-kosei-stake-in-joint-ven), 2023-03-20: "The acquisition will further consolidate Uno Mind's leadership position in the segment."
- [autoguideindia.com](https://www.autoguideindia.com/components/uno-minda-to-consolidate-4w-alloy-business-by-acquiring-kosei-stake/), 2023-03-21: "The acquisition will further consolidate Uno Minda's leadership position in the segment."
- [alcircle.com](https://www.alcircle.com/news/uno-minda-board-approves-81-69-stake-acquisition-in-kosei-minda-aluminium-to-bring-together-4w-alloy-business-92316), 2023-03-21: "The acquisition will further consolidate Uno Mind's leadership position in the segment."

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