Minda Industries Limited to acquire Roki Minda Co Ltd. 49% stake in JV for INR 425 million  [ India ]

Minda Industries Limited (MIL) announced that board of directors of the company has approved acquisition of 49% equity shares in Roki Minda Co Ltd. for a consideration of INR 425 million. This JV was incorporated in 2012 as a joint venture with ROKI Co. Ltd, Japan holding 51% shares. Roki Minda is a leading manufacturer of air filtration system & Canisters for two wheeler as well as four wh...
<Aug 12, 2016>