Brief: Minda Corp Says Restructuring Of Stake In Minda Furukawa Electric

Minda

20/11/2018 10:56

Nov 20 (Reuters) - Minda Corporation Ltd  MINC.NS :
    * RESTRUCTURING OF EQUITY STAKE IN MINDA FURUKAWA ELECTRIC
PRIVATE
LIMITED
    * ENTERED INTO DEFINITIVE AGREEMENTS WITH FURUKAWA GROUP OF
JAPAN,
FOR CHANGE IN EQUITY STRUCTURE OF MINDA FURUKAWA ELECTRIC
PRIVATE
    * SAYS  STAKE OF CO IN JV WILL CHANGE TO 25 PERCENT
    * CHANGE  IN EQUITY STRUCTURE WILL BE VIA MIX OF SALE OF
SHARES OF
JVCO BY CO AND ADDITIONAL INFUSION INTO JVCO BY FURUKAWA GROUP

Source text - http://bit.ly/2PI6cQ0
Further company coverage:  MINC.NS 

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