Sundaram Finance Holdings picks 8.3 pc stake in Mind Srl
Chennai (Tamil Nadu) [India], Aug 9 (ANI): Sundaram Finance Holdings Ltd (SFHL) said on Monday its board of directors has approved an additional investment of up to two million euros (about Rs 17.57 crore) to pick 8.3 per cent stake in Mind Srl of Italy which manufactures composite materials components for automotive, aerospace and medical sectors.
SFHL's stake in Mind will now increase from 40.6 per cent to 48.9 per cent