Samvardhana Motherson International moves higher as its arm acquires additional 1.55% stake in SMR Jersey
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Samvardhana Motherson International is currently trading at Rs. 83.09, up by 3.09 points or 3.86% from its previous closing of Rs. 80.00 on the BSE.
The scrip opened at Rs. 80.26 and has touched a high and low of Rs. 83.86 and Rs. 80.26 respectively. So far 424662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.47 on 05-Apr-2022 and a 52 week low of Rs. 61.85 on 25-Oct-2022.
Last one week high and low of the scrip stood at Rs. 83.86 and Rs. 77.70 respectively. The current market cap of the company is Rs. 56718.65 crore.
The promoters holding in the company stood at 68.16%, while Institutions and Non-Institutions held 20.26% and 11.58% respectively.
Samvardhana Motherson Automotive Systems Group B.V., Netherland (SMRP B.V.), a material subsidiary of Samvardhana Motherson International (formerly Motherson Sumi Systems) has acquired additional 1.55% shares of Samvardhana Motherson Reflectec Group Holdings (SMR Jersey) from an independent third party at Euro 18.4 million. After acquisition of aforesaid 1.55% stake, SMR Jersey has become 100% subsidiary of SMRP B.V.
Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.
