Minda Corporation Merger & Restructuring Worth ₹25 Cr
Minda Corporation acquired additional shares in its wholly owned subsidiary, Spark Minda Green Mobility Systems, via a rights issue worth ₹25 Crore.
- Value
- ₹25.00 Cr
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3 announcements
Minda Corporation acquired additional shares in its wholly owned subsidiary, Spark Minda Green Mobility Systems, via a rights issue worth ₹25 Crore.
Minda Corporation signed an amendment agreement granting it control over its JV, Minda Vast Access Systems, effective April 2026. This strengthens Minda's operational oversight.
Minda Corporation Limited incorporated a new joint venture entity, Spark Minda Turntide Private Limited, on April 11, 2026. The JV with UK-based Turntide Drives Limited will manufacture advanced EV powertrain solutions, including motor controllers and axial flux motors. Minda Corp holds a 49% stake in the new Indian entity.