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Minda Corporation invests Rs 18 crore in Spark Minda-Toyodenso India
Oct-06-2026

Minda Corporation (MCL) has acquired additional 1,80,00,000 Equity Shares of the face value of Rs 10 each for an amount aggregating to Rs 18 crore on October 05, 2026 in Spark Minda-Toyodenso India, subsidiary of MCL, pursuant to the Rights Issue. The acquisition aims to support the growing operational and capital expenditure requirements of the business of subsidiary company. The subsidiary company is engaged in the manufacturing and selling of advanced Automotive Switches. 

Minda Corporation holds 60% Equity Shares of Spark Minda-Toyodenso India. The company has further acquired 1.8 crore Equity Shares pursuant to the Rights Issue (in the same ratio), resulting in no change to the ultimate shareholding of the company in Spark MindaToyodenso Indi, which remains at 60%.

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.

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