Uno Minda to acquire remaining 49.9% stake in UnoMinda EV Systems for Rs 195 crore

Uno Minda approved the acquisition of the remaining 49.9% stake in joint venture UnoMinda EV Systems from FRIWO Geratebau GmbH for Rs 195 crore, along with IP and R&D assets for e-drive technologies.

“Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore.”zeebiz.com

• 3 sources
• zeebiz.comUno Minda to acquire remaining 49.9% stake in JV firm for Rs 195 crorePTIFeb 14, 2025
• cnbctv18.comUno Minda, Inovance Automotive form JV for high-voltage EV powertrain manufacturing - CNBC TV18Jomy Jos PullokaranFeb 17, 2025
• autocarpro.inUno Minda and Inovance Automotive Form EV Components Joint Venture | Autocar ProfessionalSarthak MahajanFeb 17, 2025

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