Uno Minda board approves merger of subsidiary Minda Onkyo India

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

UNOMINDA · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹1210.00

prior close

₹1225.50

announcement price

In-mkt

timing

Nifty Midcap 150market-0.3%+1.4% vs market

Auto Components & Equipments peers, median of 117sector-0.3%+1.4% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 1.4 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+1.1-0.3+1.4-0.3+1.4

Next day

+3.6-0.1+3.7+0.9+2.7

+5.6-0.5+6.1+0.8+4.8

+6.2-0.2+6.4+1.2+5.0

+6.4+0.2+6.2+0.9+5.5

+5.1+0.2+4.9-0.1+5.2

+2.5+0.5+2.0-0.3+2.8

15d

+3.3+0.5+2.8-1.2+4.5

+2.8-1.1+3.9-1.4+4.2

-9.0-7.1-1.9-4.2-4.8

-1.1-6.6+5.6-7.3+6.2

UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 117Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Uno Minda board approved merging its 99 percent subsidiary Minda Onkyo India Pvt Ltd (MOIPL) with itself under a scheme of amalgamation. MOIPL, an automotive components maker with turnover of about INR 40.28 Cr, was a joint venture with Onkyo Corporation Japan which went bankrupt in 2022. Uno Minda later acquired the partner stake. Share swap ratio: 6 Uno Minda shares for every 10000 MOIPL shares. Appointed date April 1, 2026. Scheme needs NCLT and shareholder approvals.

Likely market impact

Minimal change in shareholding pattern. Simplifies group structure and cuts costs. Needs NCLT and shareholder approvals to become effective.