Uno Minda board approves merger of subsidiary Minda Onkyo India

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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

+1.1%Reaction day

₹1210.00

prior close

₹1226.00

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

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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's board approved merging its 99%-owned subsidiary Minda Onkyo India (MOIPL) into itself. MOIPL turnover is INR 40.28 Cr and net worth INR 28.39 Cr, small versus UML turnover of INR 14,699.65 Cr. Share swap ratio: 6 Uno Minda shares (INR 2 face value) for every 10,000 MOIPL shares. JV partner Onkyo went bankrupt in 2022, and Uno Minda bought the remaining 49% stake in 2024. Merger aims to simplify holding structure, cut costs and improve synergies. Appointed date is April 1, 2026. Subject to NCLT and shareholder approvals.

Likely market impact

Small internal restructuring of a 99%-owned unit with negligible shareholding impact. Minor dilution only. Positive for cost synergies and simplification.