Announced Tue, 4 Aug · 14:49 IST
Uno Minda board approves merger of subsidiary Minda Onkyo India
UNOMINDA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹1210.00
prior close
₹1225.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.0+0.1+0.1+3.6+5.6+6.2+6.4+5.1+2.5+3.3+2.8——
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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.