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Minda Industries raises Rs 300 crore through QIP

Minda Industries raises Rs 300 crore through QIP

Thursday, March 30, 2017, 10:15 AM

Auto component maker Minda Industries, the flagship company of UNO MINDA Group has raised Rs 300 crore through Qualified Institutional Placement. The initial issue size was proposed for Rs 275 crores but given the oversubscription of 2x, the company exercised its green shoe option and upsized the issue size to Rs 300 crore. Leading investors from India and the globe have participated in the issue.
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