UNO Minda completes acquisition, UMBM becomes wholly owned subsidiary
UNOMINDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Midcap 150 and 2.2 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
UNO Minda has completed acquiring 1,18,26,300 equity shares (49.90 percent stake) from Buehler Motor GmbH, Germany in its subsidiary Uno Minda Buehler Motor Private Limited (UMBM). With this, UMBM is now a wholly owned subsidiary, giving UNO Minda full control of the motor business.
Full ownership means 100 percent control over UMBM and all future profits. Positive for long-term shareholders.