Minda Onkyo India Private Limited announced that it will receive INR 65,000,000 in an equity round of funding on February 27, 2018. The transaction will include participation from the returning investors ONKYO Corporation (JASDAQ:6628) and Minda Industries Limited (BSE:532539) for INR 32,500,000 representing 50% stake each respectively. The company's registered capital will increase from INR 100,000,000 to INR 165,000,000 post completion of this transaction.

The transaction will be closed by mid of March 2018. Post completion of this transaction, the two investors will acquire 50% stake each for INR 32,500,000 each.