Minda Corporation to Acquire 49% Stake in Flash Electronics for Rs. 1,372 Crores

Minda Corporation Limited has agreed to acquire 2,55,40,578 Equity Shares of Flash Electronics (India) Private Limited, representing 49% of the total issued and paid-up equity share capital. Flash Electronics is engaged in the business of manufacturing and selling automotive products across the spectrum of Electrical and Electronics, Electric Mobility, Gears, Shafts, Transmission Assembly, Throttle Bodies for Two, Three & Four wheelers. The total consolidated turnover of Flash Electronics (in India and overseas) as per last audited financial statements for the year ended on March 31, 2024 is Rs. 1340.02 Crores. The acquisition would be completed on or before January 31, 2025 and would cost Rs. 537.18 per equity share aggregating to Rs. 1,372 Crores for 49% stake.