India’s Minda Corp acquires 15.70% stake in Pricol for $48 million

(Reuters) – Indian automotive components maker Minda Corporation Ltd on Friday said it acquired a 15.70% stake in Pricol Ltd, also an auto parts maker, for around 4 billion rupees ($48.3 million) in an open market transaction.

($1 = 82.8025 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)