UNO Minda Limited has received approval from the Ministry of Heavy Industries under Press Note 3 of 2020 for the proposed investment by Innovance Automotive (HK) Investment Co. Ltd. in its wholly owned subsidiary, Uno Minda Auto Innovations Pvt. Ltd. The approval was granted on June 19, 2026, with UNO Minda Limited informing the stock exchanges on June 20, 2026.
The approval follows the initial intimation made to the exchanges on February 17, 2025. The proposed investment involves Innovance Automotive (HK) Investment Co. Ltd. a Hong Kong-based entity, investing in the wholly owned subsidiary of UNO Minda Limited.
The PN3 approval was issued by the Ministry of Heavy Industries under the Press Note 3 of 2020 guidelines of the Department for Promotion of Industry and Internal Trade. The proposed investment remains contingent upon receipt of necessary regulatory, statutory, and governmental approvals in China and Hong Kong.
UNO Minda Limited has made the disclosure available on its website at www.unominda.com. The intimation was submitted to the National Stock Exchange and BSE Limited, where UNO Minda Limited's equity shares are listed under the symbol UNOMINDA and scrip code 532539.
The wholly owned subsidiary, Uno Minda Auto Innovations Pvt. Ltd. will receive the proposed investment from Innovance Automotive (HK) Investment Co. Ltd. once all regulatory clearances are secured across the relevant jurisdictions. The PN3 approval is a key regulatory step in the investment process for the proposed foreign investment in the wholly owned subsidiary of UNO Minda Limited.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.