Uno Minda to increase stake in Minda Westport Technologies to 76%

Uno Minda approved increasing its stake in Minda Westport Technologies Limited from 50% to 76% by acquiring an additional 26% stake from Westport Fuel Systems Italia S.r.l. for approximately Rs 14.81 crore. The acquisition is targeted to be completed by 31 March 2024.

“Uno Minda, a global manufacturer and supplier of proprietary automotive solutions and systems to OEMs, has approved increasing its stake in Minda Westport Technologies Limited from 50% to 76% by acquiring an additional 26% stake from its joint venture partner Westport Fuel Systems Italia S.r.l.”autocarpro.in

• 2 sources
• autocarpro.inUno Minda to increase stake to 76% in its Joint Venture with Westport | Autocar ProfessionalAutocar Professional BureauSep 29, 2023
• economictimes.indiatimes.comUno Minda: Uno Minda to enhance stake in JV firm to 76 per cent - The Economic TimesSep 29, 2023

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