India's Minda Corp rises on nod for buying stake in Flash Electronics

Minda

15/01/2025 07:26

** Shares of auto-parts maker Minda Corporation  MINC.NS 
rise 5.5% to 571.9 rupees, their highest since Oct. 15, 2024
    ** Co to acquire 49% stake in automotive products maker
Flash Electronics for 13.72 billion rupees ($158.69 million)
    ** Expects Flash to achieve revenue of over 15 billion
rupees in FY25
    ** Stock sees busiest day in over three months, with above
2.5 million shares traded, over 5 times the 30-day avg
    ** Stock rose 26% in 2024





($1 = 86.4580 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))