Announced Mon, 20 Jul · 11:48 IST
Minda Corporation infuses Rs 25 Cr into EV subsidiary via rights issue
MINDACORP · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹679.85
prior close
₹674.10
base price
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AI summary
Minda Corporation acquired 2.5 crore additional equity shares in its wholly owned subsidiary Spark Minda Green Mobility Systems for Rs 25 crores via rights issue on July 19, 2026. The infusion maintains 100 percent ownership and provides growth capital for the EV parts business. The subsidiary's turnover grew from Rs 40.53 cr in FY25 to Rs 53.62 cr in FY26.
Likely market impact
Funds expansion in EV parts business; ownership stays at 100 percent as it remains a wholly owned subsidiary.