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UNO Minda Limited — Board/Management Information 2019
Dec 23, 2019
61248_rns_2019-12-23_bf5d3eb5-d165-40a2-83d0-6baa43507ce7.pdf
Board/Management Information
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Min a Industries Ltd.
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TH I N K INSPIRE FLOURISH
Ref. No: Z-IV/R-39/D-2/174 & 207 Date: December 23, 2019
| ef. No: Z-IV/R-39/D-2/174 & 207ate: December 23, 2019 | |
|---|---|
| BSE Ltd. | National Stock Exchange of India Ltd. |
| Regd. Office: Floor - 25, | Listing Deptt., Exchange Plaza, |
| Phiroze Jeejeebhoy Towers, Dalal Street, | Sandra Kurla Complex, Sandra (E), |
| Mumbai-400 001. | Mumbai - 400 051. |
| BSE Script: 532539 | NSE Script: MINDAIND |
Dear Sirs,
Sub: - Outcome of the Board Meeting
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
We wish to inform that the Board of Directors of the Company at its meeting held on December 23, 2019, approved entering into 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 key terms of the transaction are as under:
| Pariculars | Details | Details | |
|---|---|---|---|
| Nature of transaction | • | Purchase of Certain Machinery of | Wheel |
| Speed Sensors; | |||
| • | Availing of know-how related to the | Wheel | |
| Speed Sensors business; and | |||
| • | Technical and Engineering support . | ||
| Project Cost / Investment | Rs. | 45.21 Crores | |
| required | |||
| SOP | July, 2020 |
This is for your information and records please.
Thanking you,
Yours faithfully,
��- Industries Limited
{).-:::, bCA-_ v c/'-- ava tary & Compliance Officer
MINDA INDUSTRIES LTD. (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 F: +91 124 2290676/95 Email: [email protected], www.unominda.com Regd. Office: B-64/1, Wazirpur Industrial Area, Delhi-110052 CIN No for Corporate: L7 4899DL 1992PLC050333[-]