Minda Corp share price surges over 5% on plans to acquire 49% stake of Flash Electronics for ₹1,372 crore
3 hours, 21 minutes ago

Minda Corp share price surges over 5% on plans to acquire 49% stake of Flash Electronics for ₹1,372 crore

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Minda Corp share price rose by 5.5% during Wednesday's trading session following the announcement of its plan to acquire a 49% stake in Flash Electronics, a manufacturer of automotive products. Minda Corp share price today opened at ₹547.95 apiece on BSE, the stock touched an intraday high of ₹571.80 per share, and an intraday low of ₹547 apiece. In an exchange filing, Minda Corp stated that its board has approved the acquisition of 2.55 crore equity shares of Flash Electronics, representing 49% of the company's total equity. Q2 Results Minda Corporation announced a 25.42% increase in consolidated Profit After Tax, reaching ₹74 crore for the quarter ending September 30, 2024, fueled by a growing customer base and enhanced product offerings.

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