9,193.69 TL BIST 100 BIST 100
31.30 $ USD USD
€33.84 EUR EUR
44.87 TL Interest Interest
82.24 $ Fossil Oil Fossil Oil
22.71 $ Silver Silver
3.84 $ Copper Copper
115.84 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,060.77 TL Gold (gr) Gold (gr)

India's Uno Minda to buy stake in Minda Kosei Aluminum Wheel

Uno Minda of India will acquire the remaining 22.65% stake in Minda Kosei Aluminum Wheel.

India's Uno Minda to buy stake in Minda Kosei Aluminum Wheel

UNO Minda Ltd, the world's leading automotive component supplier in India, formerly known as Minda Industries Ltd, said its board of directors approved the purchase of the remaining 22.65% stake of Minda Kosei Aluminum Wheel Pvt Ltd (MCA) from Kosei International Trade and Investment Company Ltd (KIT) for Rs 115.50.

MKA is one of the leading companies in India that develops, manufactures and sells aluminum alloy wheels for major OE car manufacturers and aftermarket in India.

The acquisition is expected to be completed by the end of March this year. After the acquisition, Uno Minda will own the entire MKA.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kazakhstan scrap export ban puts Russian metallurgy at risk

Friday, March 1, 2024

Exports of Russian square billets decreased by 12% in 2023

Friday, March 1, 2024

Thailand's scrap imports begin to recover in 2024

Friday, March 1, 2024

JSW Steel ventures into green steel manufacturing with new subsidiary

Friday, March 1, 2024

US hot-dip galvanized sheet imports increased

Friday, March 1, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now