Minda Industries raises funds through rights issue
15th Sep 2020

Minda Industries has raised fund through allotment of 97,11, 739 equity shares of face-value Rs 2 each to the eligible applicants in the Rights Issue at an issue price of Rs 250 per Equity Share (including a premium of Rs 248 per Equity Share). Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company stands increased from 26,22,16,965  Equity Shares to 27,19,28,704 Equity Shares.

The Rights issue committee of the Board of Company at its meeting held on September 15, 2020 has approved the same.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.