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Minda receives NCLT order for merging five domestic wholly owned subsidiaries in India

Company expects merger to result in simplification of corporate structure and a larger standalone entity

Minda Corporation, the flagship company of India-based Spark Minda Group, has announced the approval of the National Company Law Tribunal (NCLT) of the scheme of amalgamating five domestic Indian wholly-owned subsidiary companies, according to a regulatory filing by the company on 5 August.

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