17.8.16

Minda forms JV with Chinese firm for auto components

Minda forms JV with Chinese firm for auto components


Auto component maker Spark Minda group flagship firm, Minda Corporation Ltd has formed a joint venture (JV)with China's Shandong Beiqi Hai Hua Automobile Parts Co (SBHAP). The 50:50 joint venture (JV), to be known asMinda China Plastic Solutions Ltd, is being formed between Minda KTSN, a 100% subsidiary of Minda Corp and the Chinese partner, the company said in a BSE filing.

The total investment of the JV will be $1.25 million (around Rs 8.35 crore). The total registered capital of the JV would be USD 0.5 million of which, Minda KTSN and SBHAP, a BAIC group subsidiary, shall contribute for 50 % of the equity interest in the JV from both parties, the company said in the filing.

So let's do:
1. Auto component maker Spark Minda group flagship firm, Minda Corporation Ltd has formed a joint venture with which compny for auto components?

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