Minda Corporation to reduce stake in Minda Furukawa from 51% to 25%
Joint venture partner, Furukawa of Japan, will raise its stake in the JV from 49% to 75%
Nov 21, 2018 02:11 IST India Infoline News Service

MCorp has diversified product portfolio comprising of safety, security, restraint systems (45% of Q2FY19 revenues), driver information & telematics (34%) and interior systems (21%). It derives revenues from India (77%), Europe, North America (19%) and South East Asia (4%). As per end market, revenue mix is CVs - 35%, 2/3Ws - 37%, PVs - 18% and aftermarket - 10%. It has 34 manufacturing plants across the globe.
Minda Corporation Ltd ended at Rs130.85 up by Rs1.9 or 1.47% from its previous closing of Rs128.95 on the BSE. The scrip opened at Rs128.25 and touched a high and low of Rs136.20 and Rs127 respectively. A total of 1,43,089 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs2,973.20cr.