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Samvardhana Motherson International is currently trading at Rs. 125.15, up by 1.50 points or 1.21% from its previous closing of Rs. 123.65 on the BSE.

The scrip opened at Rs. 124.30 and has touched a high and low of Rs. 125.55 and Rs. 124.05 respectively. So far 147290 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.08 on 14-Oct-2021 and a 52 week low of Rs. 112.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 126.80 and Rs. 121.85 respectively. The current market cap of the company is Rs. 56650.88 crore.

The promoters holding in the company stood at 68.16%, while Institutions and Non-Institutions held 19.99% and 11.86% respectively.

Samvardhana Motherson International has entered into strategic agreement to acquire assets of frame manufacturing and assembly operations from Daimler India Commercial Vehicles (DICV) operated out of its facilities in Chennai at book value. Also, as a part of the transaction the company has signed a long-term agreement with DICV for supply of the complete frame assembly.

Currently, the company (via its 100% subsidiary) runs the manufacturing operations of the frame manufacturing facility of DICV. The frame assembly operations are managed by DICV itself in a separate facility. Once the transaction is completed, the company will own the assets (including long term leasehold rights for land) and will run end to end operations for frame manufacturing and assembly and supply to DICV under the long-term supply contract. The transaction is expected to close during Q3 fiscal year 2022-23, subject to customary closing conditions and necessary regulatory approvals.

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.