Sundaram Composite Structures Private Limited agreed to acquire 19.1% stake in Mind S.r.l. from Sundaram Finance Holdings Limited for ?0.936477 million.

Sundaram Composite Structures Private Limited agreed to acquire 19.1% stake in Mind S.r.l. from Sundaram Finance Holdings Limited (NSEI:SUNDARMHLD) on March 5, 2024. The consideration consists of ?0.936477 million in cash. As part of the consideration, ?0.936477 million was paid towards common equity.

The Board of Directors of Sundaram Finance Holdings and Audit Committee has approved this transaction. The transaction is subject to compliances with FEMA regulations. The transaction is likely to be completed by June 2024.