Minda Corporation completed the acquisition of a 49% stake in Flash Electronics for $160m.

Minda Corporation, a manufacturer of aluminum and zinc die-cast and machined components, completed the acquisition of a 49% stake in Flash Electronics, a manufacturer of electronic and electrical auto components, for $160m. "This partnership fits perfectly, strategically and financially in the company's long-term vision of creating value for customers and shareholders," Ashok Minda, Minda Corporation Chairman & Group CEO.