Tag Archives: Rinder

Minda Zooms Over 18% as Company Buys Lighting Business of Spain’s Rinder

Mumbai: Shares of auto components maker Minda Industries soared by over 18 per cent today as the company acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs. 145 crore). The stock zoomed 18.44 per cent to Rs. 998.75 on BSE. At NSE, shares of the company spurted by 17.71 per cent to Rs. 992. The ... Read More »

Minda Industries Buys Lighting Business of Spain’s Rinder Group

New Delhi: Auto components manufacturer Minda Industries has acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs 145 crore). The acquisition includes 100 per cent equity holding in Rinder India, Spain-based Light Systems and Technical Center, along with 50 per cent stake in Rinder Riducu, Colombia. “This acquisition will give us immense advantage technology wise ... Read More »