Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The latest announcement is out from Minda Corp. Ltd. ( (IN:MINDACORP) ).
Minda Corporation Limited has announced an investment of INR 15 crores in its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited (SMGM), by subscribing to 1.5 crore equity shares at INR 10 each. This financial move is aimed at supporting the subsidiary’s operations, enhancing its capacity to produce advanced automotive solutions, and maintaining smooth business operations. The transaction is categorized as a related party transaction conducted at arm’s length, with no additional interest from the promoter group except for the existing shareholding.
More about Minda Corp. Ltd.
Minda Corporation Limited operates in the automotive industry, focusing on the production of advanced technological solutions such as DC-DC converters, telematics, battery chargers, and other related products through its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited.
YTD Price Performance: 9.93%
Average Trading Volume: 25,664
Current Market Cap: 136.3B INR
Learn more about MINDACORP stock on TipRanks’ Stock Analysis page.