Uno Minda inventory value: Surges 10% on This fall present, fundraising plans

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 Vitality

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 12 months. Revenues elevated 31 per cent to ₹3,794 crore ( ₹2,889 crore) The board thought-about authorisation from shareholders for fundraising as much as ₹2,000 crore by means of challenge of securities together with overseas forex convertible bonds (FCCBs) or different monetary devices/securities convertible into fairness shares, any secured or unsecured bonds/NCDs by means 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 permitted acquisition of 1.97 per cent stake in Toyoda Gosei Minda India from Minda Funding.