Pioneer Finest Limited agreed to acquire Minda Nexgentech Ltd. from Uno Minda Limited (BSE:532539) for INR 20.8 million on February 8, 2023. After completion of disinvestment, MNGTL shall ceased to be Associate Company of Uno Minda. Uno Minda's Board approved to sell entire stake to Pioneer Finest. The transaction is expected to complete by June 30, 2023 or such other extended date.

Pioneer Finest Limited completed the acquisition of Minda Nexgentech Ltd. from Uno Minda Limited (BSE:532539) on May 31, 2023.