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Minda Industries Limited announced the merger of Harita Seating Systems Limited (HSSL) with itself in a share swap deal, also acquiring a 51% stake in Harita Fehrer Ltd.
Minda Industries' board approved the merger with Harita Seating Systems, also acquiring a 51% stake in Harita Fehrer Limited, a joint venture with Fehrer Automotive GmbH. Harita has 12 manufacturing plants across India.