FilingReader Intelligence
UNO Minda takes full control of EV systems venture
February 21, 2025 at 08:54 AM UTC•By FilingReader AI
UNO Minda (BSE: UNOMINDA) will acquire the remaining 49.9% stake in its joint venture, UnoMinda EV Systems Private Limited (UMEVS), making it a wholly-owned subsidiary. The acquisition, approved by the board on February 14, 2025, involves purchasing the stake from FRIWO Geratebau GmbH for approximately INR 141.27 crore, subject to Q1 FY26 closing.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Supplementary Source Documents
The Board of Directors ("Board") of the Company, at its meeting held today i.e. Friday, February 14, 2025, has, inter-alia, approved the Acquisition of 49.90% additional Equity stake of ....February 14, 2025 at 11:38 AM UTC
Press release titled "Uno Minda to acquire remaining stake of 49.9% in JV with FRIWO along with associated E-Drive Technologies".February 14, 2025 at 01:26 PM UTC
BSE:UNOMINDA•Bombay Stock Exchange
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