UNO Minda acquires global lighting business of Rinder group

Automobile components manufacturer, Minda Industries Ltd has announced the acquisition of the global lighting business of Spain-based Rinder group. According to the deal, Minda Industries Ltd gets 100 per cent equity holding in Rinder India Pvt Ltd and Rinder Lighting Systems along with its technical Centre in Spain and 50 per cent equity holding in Rinder Riducu in Colombia. The deal is said to be worth around 20 million euros and will be financed through internal accruals and debts.

The Spain-based Rinder group manufactures automotive...

Updated Date: Mar 04, 2016 14:15 PM

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