Completion of Acquisition of Equity Stake from FRIWO GmbH held by them in UnoMinda EV Systems Private Limited
UNOMINDA · price
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Uno Minda Limited has completed the acquisition of 1,69,66,000 equity shares (49.90% stake) in its subsidiary UnoMinda EV Systems Private Limited from FRIWO Geratebau GmbH. The total consideration paid is Rs. 141.28 crore. With this acquisition, UnoMinda EV Systems has become a 100% wholly owned subsidiary of Uno Minda. The deal was first announced on February 14, 2025, and has now been formally completed as of June 30, 2025.
This move consolidates Uno Minda's control over its EV systems business, simplifying the corporate structure and allowing full strategic and operational flexibility in the EV segment. It is a moderately positive development signalling commitment to the EV business, though the Rs. 141 crore cash outflow may be noted by investors.