Interesting development yesterday. PHI, who is common investor between Minda Corp and Pricol,has sold its complete stake in Minda Corp. In Feb 23 when Minda Corp acquired stake in Pricol, there were concerns raised by many investors that PHI may be trying to bring these 2 investee companies together. Now since Phi exited Minda Corp completely and kept their shareholding in Pricol intact (as of today), it shows their priority in auto component sector.
Disc – invested since Feb 23
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