Minda Corp Acquires ₹25 Cr Stake in Subsidiary Spark Minda Green Mobility

Minda Corporation Limited (MCL) has acquired an additional 2,50,00,000 equity shares, amounting to ₹25 Crores, in its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited. This acquisition, made through a rights issue on July 19, 2026, aims to maintain MCL's 100% shareholding and provide growth capital for the subsidiary. Spark Minda Green Mobility Systems operates in the automotive parts and components sector, aligning with the parent company's business strategy. The transaction was conducted at par value for cash and does not alter MCL's ultimate shareholding, which remains at 100%.