UNO Minda Board Approves Merger with Subsidiary MOIPL

UNO Minda Limited's Board of Directors has approved a Scheme of Amalgamation to merge its subsidiary, Minda Onkyo India Pvt. Ltd. (MOIPL), with itself. The amalgamation, subject to regulatory and NCLT approvals, aims to streamline operations and benefit stakeholders. The combined entity will operate under UNO Minda Limited. The transaction is considered an arm's length transaction, with valuations confirmed by independent experts. Both companies are involved in the manufacturing and sale of automotive components.