Minda Industries forays into Wheel Speed Sensor business in India & South Korea

Minda Industries
The Board of Directions of Minda Industries approved entering into the Wheel Speed Sensor business in India and South Korea by purchasing certain machinery from Sensata Technology Baoying Co Ltd. and availing technical know-how and engineering support from Sensata Technology Changzhou Co. Ltd.

The total investment required is Rs45.21cr.

Minda Industries Ltd ended at Rs347.40 up by Rs6.1 or 1.79% from its previous closing of Rs341.30 on the BSE.

The scrip opened at Rs347 and touched a high and low of Rs348.65 and Rs343 respectively. A total of 1,64,320 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs9,098.93cr.

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