Minda Corp Invests Rs 18 Cr in Spark Minda Toyodenso JV
By ThePip Desk
Minda Corporation secures board approval for an Rs 18 crore investment in its Spark Minda Toyodenso India joint venture, boosting its total stake to Rs 60 crore.
Minda Corporation has received crucial board approval to inject an additional Rs 18 crore into its joint venture, Spark Minda Toyodenso India. This strategic decision was formalized during a Board of Directors meeting held on August 13, 2026.
Investment Details
- Additional Investment: Rs 18 crore
- Method: Subscription to 1.80 crore equity shares, each valued at Rs 10
- Approval Date: August 13, 2026
- Joint Venture Structure: Minda Corporation holds a 60% stake, with Toyo Denso Co., Japan owning the remaining 40%
- Resulting Total Investment: Minda Corporation’s total commitment in the JV will rise to Rs 60 crore
The proposed allotment will significantly increase Minda Corporation’s financial commitment to the joint venture. Its total investment will now stand at Rs 60 crore, representing 6 crore equity shares, each priced at Rs 10.
Minda Corporation Profile
Minda Corporation operates as a diversified enterprise, specializing in a wide array of automotive components. Their product portfolio includes Mechanical & Electronic Security Systems, Door Systems, Electronic Controllers for Electric Vehicles, and Plastic Interiors. These solutions are supplied to various Auto OEMs across the globe.