Minda Corporation Limited (MINDACORP)
Intimation regarding execution of Share Subscription Agreement
Minda Corporation executed a Share Subscription Agreement to acquire 26% equity in Sunsure Solarpark Sixteen Private Limited.
- Target: Sunsure Solarpark Sixteen, renewable energy firm focused on solar power.
- Turnover Rs 9.64 Cr (FY26), PAT loss Rs 0.09 Cr.
- Acquisition cost up to Rs 57.75 lacs, cash consideration.
- Objective: reduce power cost via solar and wind energy.
- Completion expected in approx. 6 months.
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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