# 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.

- Type: Acquisition
- Announced: 2023-09-29
- Where: India
- Value: $178K (14.8M INR)
- Status: announced
- Products: CNG/LNG/LPG/Hydrogen components and kits
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (acquirer)
- [Minda Westport Technologies Limited](https://endata.com/companies/72956.md) (target)
- [Westport Fuel Systems Italia S.r.l.](https://endata.com/companies/72957.md) (partner)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news/uno-minda-to-increase-stake-to-76-in-its-joint-venture-with-westport-117017), 2023-09-29: "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."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/auto-components/uno-minda-to-enhance-stake-in-jv-firm-to-76-per-cent/articleshow/104039939.cms), 2023-09-29: "The company's board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from 50 to 76 per cent by acquiring an additional 26 per cent stake from its joint venture partner Westport Fuel Systems Italia."

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