Do you own this multibagger company that purchased 5.2 per cent of German company FRIWO for 14.99 million euros?

With its main office in Ostbevern (Germany), FRIWO AG is a publicly-traded company.

Minda Industries Ltd (MIL), the parent company of UNO MINDA Group, announced on June 29 that it had invested 14.99 million euros to purchase a 5.24 per cent stake in FRIWO AG in Germany.  

After receiving the necessary permissions, including Reserve Bank of India (RBI) in accordance with the ODIA criteria, the investment was made in the above-mentioned company.  

With its main office in Ostbevern (Germany), FRIWO AG is a publicly-traded company. The company, which was founded in 1967, is in the business of designing, developing & producing, among other things, motor control units, charger along with other goods for various industries and regions.  

Manufacturing automotive switches and other parts for two & three-wheelers as well as off-road vehicles is what Minda Industries does. The business recently stepped up its position in the market for electric automobiles.  

On BSE, the shares of Minda Industries ended the day at Rs 924. Its share has appreciated 43 per cent in the last one year. While in the period of five years, the stock has delivered a return of 315 per cent.  

Keep an eye out for it in the upcoming sessions.