Comments
The board of Minda Industries on Tuesday approved additional investment in MJ Casting (a joint venture company). Minda Industries plans to buy 2.80 crore equity shares (face value ₹10 each) from Neel Metal Products at ₹5 a share for a total consideration of ₹14.04 crore. Post-transaction, the total equity shareholding of the company in MJ Casting will go up from 50 per cent to 98 per cent. Shares of Minda Industries closed at ₹494.95 on the NSE, as against Monday’s closing price of ₹500.85.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.