Minda Corporation approves NCD issue, China subsidiary, investment sale, and appointments
Minda Corporation Ltd · Auto Components
What the filing says
- Approved issuance of Non-Convertible Debentures up to ₹500 crore via private placement.
- Approved incorporation of wholly owned China subsidiary with USD 1 million investment.
- Approved sale of investment in EVQ Point Solutions Pvt. Ltd. via subsidiary; details pending.
Why it's rated notable: The board approved Non-Convertible Debentures of up to Rs. 500 crore, which is at least medium for any company and below 5% of the ₹15,147 crore market value, and the debentures are to be issued in tranches with terms still to be specified in the key information document.
Original filing
Announcement under Regulation 30 (LODR)-Raising of Funds
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More from Minda Corporation Ltd
- Fundraise / allotmentNotableMinda Corporation Limited approves fund raise, new subsidiary, appointments, and sale
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.