Uno Minda completes acquisition of 49.90% stake in UnoMinda EV Systems
With this acquisition, now the stake of the company in UnoMinda EV stand increased to 100%
Uno Minda has completed the acquisition of 1,69,66,000 equity shares i.e., 49.90% stake of UnoMinda EV Systems (UnoMinda EV) from FRIWO GmbH, for a total consideration of Rs 141.27 crore. With this acquisition, now the stake of the company in UnoMinda EV stand increased to 100% and UnoMinda EV has become a Wholly Owned Subsidiary of Uno Minda.
Uno Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
