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Noida-based auto components maker Minda Corp Ltd on Friday informed that it had bought 19.14mn (million) shares representing a 15.70% stake in Coimbatore-based Pricol Ltd.
Pricol is the largest player in the two-wheeler instrument cluster business, with Minda Corp following close behind. If Minda is able to secure a stake in Pricol, it will help the former consolidate its market share
Noida-based Minda purchased 19 million shares for ₹400 crore through open market deals.
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