Motilal Oswal Mutual Fund and Kotak Mutual Fund has purchased an equity stake worth Rs 324.96 crore in the company by acquiring 8,066,700 shares, at a price of Rs 403 per share.
Today we have seen around 5.03 percentage growth in Mind corporation shares, i think, this was because of bulk investment made by two big mutual funds i.e. Kotak Mutual Fund and Motilal Oswal Mutual Fund.
Kotak and Motilal Oswal Mutual Fund Recent Investment
Recently, two big mutual funds invest very big amount in Minda Corporation via Bombay Stock Exchange (BSE).
Motilal Oswal Mutual Fund recently acquired a 1.82 percent stake in the company by purchasing 4,370,000 shares at a price of Rs 403 per share, totaling the deal at Rs 176.11 crore.
Similarly, Kotak Mahindra Mutual Fund also bought 3,693,700 shares at the same price, making their investment worth Rs 148.85 crore.
That is why, we have seen significant growth in Minda Corporation share in both stock exchange of India.
Minda Corp Recent Announcement
Minda Corp, a leading company of the Spark Minda group, recently announced that it has won a major order from a top two-wheeler manufacturer in India to produce Smart Key Systems. Additionally, the company revealed a partnership with a Japanese company to produce these vehicle access systems at its Pune facility.
This news is significant as it positions Minda Corp as a key player in advanced vehicle access systems production. The collaboration with the Japanese company also demonstrates the company’s commitment to innovation and global partnerships.
The announcement of this order and partnership is expected to have a positive impact on Minda Corp’s market position, showcasing the company’s ongoing efforts to expand its product portfolio and strengthen its presence in the automotive industry.
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