Shares of Uno Minda Ltd surged over 10 per cent on Thursday after reporting sturdy monetary efficiency for This fall-FY24 and fundraising plans.

  • Additionally learn: Uno Minda indicators technical license settlement with Starcharge Power

The corporate reported its consolidated web revenue for the quarter ended March at ₹269 crore (excluding distinctive revenue) a soar of 47 per cent over ₹183 crore posted within the corresponding quarter final yr. Revenues elevated 31 per cent to ₹3,794 crore ( ₹2,889 crore) The board thought of authorisation from shareholders for fundraising as much as ₹2,000 crore via problem of securities together with international foreign money convertible bonds (FCCBs) or different monetary devices/securities convertible into fairness shares, any secured or unsecured bonds/NCDs by the use of a public or non-public placement together with however not restricted to Certified Establishments Placement in a number of tranches.

Apart from, the board has additionally authorized acquisition of 1.97 per cent stake in Toyoda Gosei Minda India from Minda Funding.

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