# Uno Minda acquires 1.97% stake in Toyoda Gosei Minda India

Uno Minda Limited acquired a 1.97% stake in Toyoda Gosei Minda India Private Limited from Minda Investments Ltd for ₹16,97,53,500, strengthening its existing partnership.

- Type: Acquisition
- Announced: 2024-05-24
- Where: India
- Value: $2.04M (169.8M INR)
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (acquirer)
- [Toyoda Gosei Minda India Private Limited](https://endata.com/companies/24425.md) (target)
- [Minda Nabtesco Automotive Private Limited](https://endata.com/companies/77638.md) (target)
- [Nabtesco Automotive Corporation](https://endata.com/companies/77639.md) (partner)

## Sources

- [angelone.in](https://www.angelone.in/news/share-market/uno-minda-unveils-strategic-growth-plans-acquisitions-expansion), 2024-05-24: "Uno Minda announced the acquisition of a 1.97% stake in Toyoda Gosei Minda India Private Limited (TGMI) from Minda Investments Ltd."

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