Mumbai, Feb. 17 -- The Board of Directors of Harita Seating Systems Limited (HSSL) and Minda Industries Limited (MIL) have approved the merger of HSSL with MIL through a Composite Scheme of Arrangement (the Scheme).
H Lakshmanan, Chairman of HSSL said: "The merger of HSSL with MIL will generate additional value for our shareholders by providing access to diversified product mix so as to deliver significant near- and long-term growth. Thus, the decision today to join forces with the Minda Group, positions the business better than most to share in this huge growth
opportunity, especially, as these are truly very interesting times. The merger will help to leverage the collective heritage, innovation, track record, combined products and capab...