Outcome of board meeting of Uno Minda
Held on 25 August 2022
The Board of Uno Minda at its meeting held on 25 August 2022 has approved the following:1. Expansion of Bawal Plant of Minda Kosei Aluminum Wheel (MKA), a material subsidiary of the Company and further investment by the Company in equity shares of MKA.
2. Setting up a manufacturing plant (Phase-I) of Mindarika, a material subsidiary of the Company at Farrukh Nagar.
3. Incorporation of a wholly owned step-down subsidiary of the Company in Dubai, United Arab Emirates.
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First Published: Aug 25 2022 | 2:26 PM IST