Acquisitions30 Jul 2026, 09:10 pm
UNO Minda Increases Stake in Minda Onkyo India to 99%
AI Summary
UNO Minda Limited has announced an update regarding its acquisition in Minda Onkyo India Private Limited (MOIPL). The company has acquired an additional 19% equity stake in MOIPL by purchasing 1,51,40,352 equity shares from M/s. Onkyo Sound Corporation, Japan. This strategic move increases UNO Minda's total stake in MOIPL to 99%. This development follows earlier intimations dated August 7, 2024, September 24, 2024, and May 16, 2026.
Key Highlights
- UNO Minda acquired an additional 19% stake in Minda Onkyo India.
- The acquisition increases UNO Minda's total stake to 99%.
- Shares were purchased from Onkyo Sound Corporation, Japan.
- This is a significant increase in control over the subsidiary.
Price Impact
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