UNO Minda Limited has informed the Exchange about update on Acquisition
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UNO Minda has provided an update on its ongoing acquisition of the e-Drives Business Assets located in Vietnam from Friwo. This is a follow-up to the company's earlier communication dated July 2, 2025. The company has informed the exchanges that the transaction is still in progress and is now expected to be completed on or before July 22, 2025. The acquisition is part of UNO Minda's expansion strategy in the electric drivetrain (e-Drives) segment, which is a growing area in the automotive components space.
This update signals continued progress on a strategic acquisition in the EV components space, which could strengthen UNO Minda's position in the electric mobility value chain once completed. Shareholders should watch for completion announcement by July 22, 2025.