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Auto ancillary stock jumps 5% after company to acquire 49% stake in Flash Electronics

Auto ancillary stock acquires a 49% stake in a major automotive parts manufacturer for Rs. 1,372 Crores, aiming to boost product synergy and expand its global prese
Auto ancillary stock buys 49% in major parts maker for ₹1,372 Cr, expanding global synergy.

Introduction:

Auto ancillary stock has announced the acquisition of a 49% stake in a key automotive parts manufacturer, valued at Rs. 1,372 Crores. This strategic move is set to enhance synergies across product lines and expand its global footprint.

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Share Price movement of Minda Corporation:

As of today, January 15, 2025, Minda Corporation Ltd‘s stock opened at ₹547.00 and saw a high of ₹571.90 and a low of ₹543.80. The current price is ₹563.75, marking a 5% increase from the previous close, with a market cap of ₹13,478.10 crore.

Minda Corporation acquired 49% stake in a company :

On January 15, 2025, Minda Corporation Limited announced the acquisition of a 49% stake, totaling 2,55,40,578 shares, in Flash Electronics (India) Private Limited. This acquisition, valued at Rs. 1,372 Crores, involves a cash consideration at Rs. 537.18 per share.

Flash Electronics, incorporated on October 26, 1989, specializes in manufacturing and selling automotive parts for various vehicles. With facilities across India, Germany, and Hungary, Flash Electronics has a consolidated turnover of Rs. 1,340.02 Crores as of the fiscal year 2023-24.

The acquisition aligns with Minda Corporation’s strategy to enhance synergies across product lines, customer bases, and manufacturing technologies. It is expected to be completed by January 31, 2025, and does not require governmental or regulatory approvals.

Also Read: Steel stock jumps 5% after it signs MoU to establish new pipe manufacturing plant in Kingdom of Saudi Arabia

Recent news About Minda Corporation :

On January 13, 2025, Minda Corporation Limited announced its participation in the Bharat Mobility Global Expo’s Auto Expo – The Component Show 2025, set for January 18-21 in New Delhi, to showcase cutting-edge automotive technologies.

Stock performance of Minda Corporation for Period of 1 week, 6 months and 1 year:

Minda Corporation’s stock performance has shown positive trends across different periods. Over the past week, the stock rose by 1.70%. In the last six months, it increased by 14.4%. Impressively, the stock has gained 41.1% over the past year.

Also Read: Green energy stock jumps 5% after it receives orders worth ₹1,460 Cr for supply of solar cells and modules

Shareholding pattern of Minda Corporation:

All values in %Dec-24Sep-24Jun-24
Promoters64.8464.8464.84
FII7.987.626.07
DII18.4218.8720.63
Retail & others8.758.668.45
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About Minda Corporation:

Minda Corporation specializes in manufacturing automotive components. It produces electrical parts and systems essential for auto safety, connectivity, and electric vehicles. The company is a key player in the auto ancillary sector, contributing to innovations in the automotive industry.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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