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| Exchange Received Time 10/04/2018 12:10:18 Exchange Disseminated Time 10/04/2018 12:10:23 Time Taken 00:00:05 | This is to inform that the meeting of the Board of Directors was held today i.e. 9 April,
2018 (commenced from 12.00 noon and concluded at 12.30 p.m.), wherein the Board
has approved the acquisition of 41.67% stake (i.e. 18,33,35,070 equity shares) of
Toyoda Gosei Minda India Private Limited (TG Minda), subject to necessary consents/
permissions.
TG Minda is a Joint Venture Company of UNO Minda Group and Toyoda Gosei Co. Ltd.,
Toyota Tsusho Corporation, Japan.
TG Minda is engaged in the manufacturing of Airbags, Steering Wheels with Airbags
and Body Sealing for automobiles and supplies to Maruti Suzuki & Toyota Kirloskar.
The manufacturing facilities of TG Minda is located at Neemrana in Rajasthan, Bawal in
Haryana and in Gujarat (under construction).
Minda Industries Ltd. is holding 2,69,84,930 equity shares (6.13%) in TG Minda. |
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