UNO Minda Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Uno Minda Limited has approved the acquisition of an additional 49.90% equity stake in its subsidiary, UnoMinda EV Systems Private Limited, from FRIWO Geratebau GmbH for approximately ₹195 Crores. This strategic move aims to enhance its presence in the electric powertrain solutions market for two and three-wheeler vehicles, as it also involves acquiring related intellectual property rights and R&D capabilities. Following the acquisition, UnoMinda EV will become a wholly-owned subsidiary, aligning with the company's core business operations.