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| Exchange Disseminated Time | Minda Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2016, has approved the acquisitions of:
- 51% shareholding in Minda TG Rubber Private Ltd. (i.e. investment of Rs. 1785 Lacs for acquisitions of 17850000 equity shares of Rs. 10 each fully paid up, based on Valuation Report) and
- 30% shareholding in Kosei Minda Aluminum Company Private Ltd. (i.e. investment of Rs. 1227.94 Lacs for acquisition of 24558800 equity shares of Rs. 10 each fully paid up at Rs. 5 each, based on Valuation Report)
from the existing shareholder(s) of these Companies, being related parties. |
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