Along with additional equity stake, the Company through its subsidiaries namely UMEVS and Minda Industries Vietnam Company will also acquire the Intellectual Property Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software, from FRIWO Group Entities located in Germany and Vietnam. The e-drive technologies comprise of electric powertrain solutions for application in electric automotive two and three-wheeler vehicles. The purchase consideration for 49.9% additional Equity stake in UMEVS, thee-drive technologies and assets as mentioned above is approximately Rs 195 crore.