Minda Corp filed an application with the Competition Competition of India (CCI) to get clearance to acquire a 24.5% stake in Pricol, which is a leading manufacturer of instrument clusters in India, while Minda Corp has a much smaller share of the market.
Uno Minda filed an application with the Competition Competition of India (CCI) to get clearance to acquire a 24.5% stake in Pricol, which is a leading manufacturer of instrument clusters in India, while Minda has a much smaller share of the market.
For the year ending March 31, 2023 the consolidated profit surged by 144 per cent to Rs 124.68 crore from Rs 51.09 crore recorded in the same period of last year, Pricol Ltd said in a BSE filing.
On February 17, 2023, Minda Corporation had acquired a 15.7 per cent stake in Pricol by purchasing over 1.91 crore shares of the latter from the open market.