UNO Minda Limited has informed the Exchange about change in consideration amount Acquisition in its Subsidiary company
UNOMINDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
UNO Minda's Board approved a revised consideration amount for acquiring the remaining 19% equity stake in Minda Onkyo India Private Limited. Originally, the acquisition of 49% equity stake was approved on August 7, 2024 at Rs. 0.65 per share, of which 30% has already been acquired on September 24, 2024. The Board now approved acquiring the remaining 19% at Rs. 0.68 per share, reflecting updated fair market valuation. The per share price increased marginally by Rs. 0.03. The filing also included Q4/FY2026 audited standalone financial results showing net profit of Rs. 971.69 crores (up 22% YoY), total dividend recommendation of Rs. 2.65 per share for FY26, fund-raising approval up to Rs. 2,500 crores, and investment of Rs. 310 crores in Uno Minda Auto Innovations for 4W-EV Powertrain project.
Minor positive development. The acquisition completion at a marginally higher price indicates fair value adjustment rather than any concern. The deal structure remains unchanged, with the company completing its planned stake purchase in the subsidiary.