Uno Minda Ltd
14 Feb 2025 12:00 AM
Board of Uno Minda at approves acquisition of 49.90% stake in UnoMinda EV Systems,
The Board of Uno Minda at its meeting held on 14 February 2025 has approved the Acquisition of 49.90% additional equity stake of its subsidiary UnoMinda EV Systems (UMEVS) from FRIWO Geratebau GmbH (FRIWO GmbH).Along with additional equity stake, the Company through its subsidiaries namely UMEVS and Minda Industries Vietnam Company will also acquire the Intellectual Property Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software, from FRIWO Group Entities located in Germany and Vietnam. The e-drive technologies comprise of electric powertrain solutions for application in electric automotive two and three-wheeler vehicles. The purchase consideration for 49.9% additional Equity stake in UMEVS, thee-drive technologies and assets as mentioned above is approximately Rs 195 crore.Powered by Capital Market - Live News
Uno Minda Ltd
06 Feb 2025 12:00 AM
Board of UNO Minda recommends interim dividend,
UNO Minda announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the interim dividend of Rs 0.75 per equity Share (i.e. 37.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News
Uno Minda Ltd
06 Feb 2025 12:00 AM
Board of Uno Minda approves issuance of NCDs up to Rs 500 cr,
The Board of Uno Minda at its meeting held on 06 February 2025 has granted its in-principle approval for issuance of Listed, Non-Convertible Debentures up to Rs. 500 crore, in one or more tranches/issuances, in order to meet fund requirement for Capex and Investments in Subsidiaries, Joint Ventures and Associate Companies of the Company. Powered by Capital Market - Live News
Uno Minda Ltd
06 Feb 2025 12:00 AM
Uno Minda consolidated net profit rises 20.21% in the December 2024 quarter,
Net profit of Uno Minda rose 20.21% to Rs 232.56 crore in the quarter ended December 2024 as against Rs 193.46 crore during the previous quarter ended December 2023. Sales rose 18.77% to Rs 4183.99 crore in the quarter ended December 2024 as against Rs 3522.91 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4183.993522.91 19 OPM %10.9210.78 - PBDT458.62402.58 14 PBT300.99270.02 11 NP232.56193.46 20 Powered by Capital Market - Live News
Uno Minda Ltd
06 Feb 2025 12:00 AM
Board of Uno Minda approves expansion of Hosur unit,
The Board of Uno Minda at its meeting held on 06 February 2025 has approved the expansion of existing Hosur, Tamil Nadu plant of the Company by increase in overall capacity upto 15,000 MT per annum, along with the construction of a new shed for a new paint shop.The total capital expenditure for this new facility is estimated at Rs 65.59 crore (excl. Rs 6.23 crore sustainable capex).Powered by Capital Market - Live News
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