{
  "id": 9575416,
  "title": "Minda Corporation To Raise ₹500 Crore Through NCDs, Set Up Wholly Owned China Subsidiary",
  "url": "https://urgent.news/2026/09/24/minda-corporation-to-raise-500-crore-through-ncds-set-up-wholly-owned",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T14:27:46.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/minda-corporation-to-raise-500-crore-through-ncds-set-up-wholly-owned-china-subsidiary"
  },
  "original_language": "en",
  "account": "New Delhi, September 24, 2026: Minda Corporation, a prominent automobile component manufacturer, announced on Thursday its board's approval to raise up to Rs 500 crore through non-convertible debentures, followed by the establishment of a wholly-owned subsidiary in China, with an estimated investment of around USD 1 million. The company disclosed these plans in a regulatory filing to stock exchanges.\n\nThe Board of Directors of Minda Corporation Limited has given its green light for issuing non-convertible debentures (NCDs) totaling up to Rs 500 crore in multiple tranches over time. These NCDs will serve multiple funding needs for the corporation. In addition, the Board has also authorized the formation of a wholly-owned subsidiary in China with an investment of up to USD 1 million.\n\nFurthermore, Minda Corporation has approved the sale of its investment in EVQ Point Solutions Private Ltd. This investment, held by Spark Minda Green Mobility Systems Private Ltd, a wholly-owned subsidiary of Minda Corporation, is owned by Spark Minda Green Mobility Systems Private Ltd at 29.5 per cent. The sale proceeds will be announced upon execution, as stated in the filing.",
  "summary": "New Delhi, September 24, 2026: Auto component maker Minda Corporation on Thursday said its board has approved proposals to raise up to Rs 500 crore through non-convertible debentures and incorporation of a wholly-owned subsidiary in China with a proposed investment of about USD 1 million. In a regulatory filing to exchanges, Minda Corporation Limited informed the exchanges regarding the approval…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}