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Samvardhana Motherson International is currently trading at Rs. 90.30, up by 5.20 points or 6.11% from its previous closing of Rs. 85.10 on the BSE.

The scrip opened at Rs. 90.61 and has touched a high and low of Rs. 92.50 and Rs. 88.73 respectively. So far 2162643 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.50 on 05-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 92.50 and Rs. 84.78 respectively. The current market cap of the company is Rs. 61157.20 crore.

The promoters holding in the company stood at 64.77%, while Institutions and Non-Institutions held 25.68% and 9.56% respectively.

Samvardhana Motherson International (SAMIL) via 100% subsidiary of SMRP B.V. (SAHN B.V.) has entered into an agreement to acquire 81% stake in Yachiyo Industry’s 4W (Y4W) Business. Samvardhana Motherson Automotive Systems Group BV (SMRP B.V.) is a 100% subsidiary of SAMIL, while SMRC Automotive Holdings Netherlands B.V. (SAHN B.V.) is a 100% subsidiary of SMRP BV.

Yachiyo Industry is a publicly listed (Tokyo Stock Exchange) subsidiary of Honda Motor which comprises of 4W and 2W businesses. As a part of the overall transaction, the 2W business (housed under Goshi Giken) will be transferred to Honda Motor before Motherson acquires 81% stake in Yachiyo’s 4W business.

Motherson will form an 81%:19% strategic partnership with Honda Motor where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies. The transaction emphasises Motherson’s commitment to be a globally preferred sustainable solutions provider for the automotive industry.

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.