Minda Corporation538962Stake acquisition deal
Minda Corporation to acquire 26% of Sunsure Solarpark Sixteen for upto Rs. 57.75 lacs
26%Equity stake to be acquired
- Stake Acquired
- 26% of the equity shares of Sunsure Solarpark Sixteen Private Limited
- Consideration
- Cash consideration; cost of acquisition / price at which shares are acquired is upto Rs. 57.75 lacs
- Completion Timeline
- approximately 6 months
- Target
- Sunsure Solarpark Sixteen Private Limited
- Transaction
- Acquisition (26% equity stake via Share Subscription Agreement)
Minda Corporation to acquire 26% of Sunsure Solarpark Sixteen for upto Rs. 57.75 lacs.
Rs. 963.75 lacs+34.6%
FY2024-25Rs. 716.20 lacsFY2025-26Rs. 963.75 lacs
Also from Minda Corporation
Subsidiary rights issue: 1.8 crore shares acquired for Rs. 18 crore at Rs. 10 face value
5 Oct 2026
Minda Corp fell to day's low, down around 4.5%, before recovering slightly
5 Oct 2026
Commercial Paper of INR 100 crores Issued and Allotted at 6.6% p.a
29 Sep 2026
More numbers
- Cost of acquisition (upto)Rs. 57.75 lacs
- Equity stake to be acquired26%
- Turnover FY2025-26Rs. 963.75 lacs
- Profit after tax (as on 31.03.2026)Rs. (8.88) lacs
- Turnover FY2024-25Rs. 716.20 lacs
- Indicative time for completionApproximately 6 months
- ConsiderationUpto Rs. 57.75 lacs
Source: BSE · 12 Oct 2026
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