Uno Minda soars on getting nod to invest in Amplus Ampere
Uno Minda is currently trading at Rs. 892.00, up by 13.75 points or 1.57% from its previous closing of Rs. 878.25 on the BSE.
The scrip opened at Rs. 875.15 and has touched a high and low of Rs. 904.00 and Rs. 875.15 respectively. So far 27011 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1252.85 on 02-Sep-2024 and a 52 week low of Rs. 681.25 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 994.60 and Rs. 854.05 respectively. The current market cap of the company is Rs. 51183.84 crore.
The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 25.07% and 6.17% respectively.
Uno Minda has received approval from board of directors for investment in the shares of the Special Purpose Vehicle, Amplus Ampere for infusing the equity of Rs 35 lakh per MWp to avail Solar power and for the purpose of availing Captive Open Access for Solar Energy. The aggregate investment amount will be Rs 6.25 crore.
The purpose of acquiring shares is availing Captive Open Access for Solar Energy with such name as may be approved by the relevant authorities and thereby increasing the Company's utilisation of renewable energy in the state of Maharashtra.
The Board of Directors of the Company, at its adjourned meeting held on March 30, 2025, has, inter-alia, approved the same.
Uno Minda is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and caters to both domestic and international markets.
