Weakness in the shares of Minda Industries and Harita Seating Systems with the announcement of the merger.

Vehicle Spares Manufacturer Minda Industries will merge automobile seating manufacturer Harita Seating Systems with her.

In the merger scheme, shareholders of Harita Seating will have two options. The first option is to get shares of Minda Industries through share exchange. In the second option, they can allocate non-convertible priority shares. 

If the shareholder of Harita Seating chooses to opt for a stock exchange, then they will have a loss of about 4% on the current stock price, as they will meet at Minda’s share discount. On preferential allotment, they will get 11% profit, but in this situation, they will not get a share in the company. 
Please tell us that no announcement has been made about the time period of merger completion.

On the other hand, the share of Minda Industries in BSE fell to Rs. 268.90 at a lower level of Rs. 280.00, with the increase of today’s increase compared to the last closing price of Rs. 276.40. At about 11.30 pm, it is at a price of Rs. 260.20 with a weakness of Rs. 7.20 or 2.60%. At the same time, the share of Harita Seating Systems is at Rs 399.00 with a weakness of Rs 38.00 or 8.70%. 

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