India Dealbook: Minda Industries buys Spain's Rinder Group biz for $22m; Kotak India sells stake in Diamond Power

Minda Industries Ltd has signed an agreement to acquire Rinder India Pvt Ltd while Kotak India has sold its 2.13 per cent stake in Diamond Power Infrastructure Ltd, according to two separate stock market disclosures.

Minda Industries buys lighting business of Rinder for $22m

Minda Industries Ltd, an automobile components manufacturer, has acquired the global lighting business of Spanish firm Rinder Group for an enterprise value of Euro 55 million (Rs 146.7 crore or $21.7 million).

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