UNO Minda Limited — JV/Acquisition, 12-11-2024: Acquisition

Uno Minda Limited has approved further investment of up to Rs. 5 crore in Uno Minda Auto Spare Parts and Component Trading L.L.C., a wholly-owned subsidiary based in Dubai, by its subsidiary Sam Global Pte Ltd., Singapore. This investment aims to support the operational enhancement of the subsidiary, which operates in the auto components sector. The transaction will occur in one or more tranches over a period of approximately three years and is expected to bolster the company's presence and capabilities in this market segment, potentially leading to improved financial performance.