Joint Venture19 Apr 2024, 08:58 pm
Uno Minda Limited Acquires 26% Stake in Minda Westport Technologies Limited for Rs. 14.81 crores
AI Summary
Uno Minda Limited has announced the acquisition of a 26% stake in Minda Westport Technologies Limited (MWTL) from M/s. Westport Fuel Systems Italia S.R.L. for a total consideration of Rs. 14.81 crores. This acquisition has resulted in Uno Minda Limited owning 76% of MWTL, making it a subsidiary of Uno Minda Limited.
Key Highlights
- Uno Minda Limited acquires 26% stake in MWTL from M/s. Westport Fuel Systems Italia S.R.L
- Consideration for the acquisition is Rs. 14.81 crores
- Uno Minda Limited now owns 76% stake in MWTL
- MWTL becomes a subsidiary of Uno Minda Limited