Jan 15, 2025ACQUISITIONIndia Minda Corporation acquires 49% stake in Flash Electronics for ₹1,372 crore
Minda Corporation has approved the acquisition of a 49% equity stake in Flash Electronics (India) Private Limited for ₹1,372 crore, involving the purchase of 25,540,578 equity shares. The acquisition is expected to be completed by January 31, 2025.
Productsautomotive electrical and electronic componentselectric mobility solutionsgearsshaftstransmission assembliesthrottle bodies
“This acquisition is part of Minda Corporation’s strategy to strengthen its presence in the automotive components sector and unlock synergies across product lines, customer networks, technology, and manufacturing excellence.”cnbctv18.com
- 3 sources
- cnbctv18.comMinda Corporation acquires 49% stake in Flash Electronics for ₹1,372 crore, shares jump 5.5% - CNBC TV18CNBCTV18.comJan 15, 2025
- auto.economictimes.indiatimes.comMinda Corporation partners with Flash Electronics to enhance EV platform in India, ETAutoETAuto DeskJan 15, 2025
- cnbctv18.comMinda Corporation aims to create India's largest EV platform with Flash Electronics deal - CNBC TV18Nigel D'SouzaJan 16, 2025
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