Samvardhana Motherson gains on acquiring 100% stake in Samvardhana Motherson Adsys Tech
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Samvardhana Motherson is currently trading at Rs. 93.35, up by 1.25 points or 1.36% from its previous closing of Rs. 92.10 on the BSE.
The scrip opened at Rs. 90.27 and has touched a high and low of Rs. 93.39 and Rs. 90.27 respectively. So far 177612 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-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. 99.89 and Rs. 90.27 respectively. The current market cap of the company is Rs. 62688.67 crore.
The promoters holding in the company stood at 64.77%, while Institutions and Non-Institutions held 26.39% and 8.83% respectively.
Samvardhana Motherson International has acquired 100% stake of Samvardhana Motherson Adsys Tech from Motherson Auto, subject to satisfactory completion of conditions precedent. With this, Samvardhana Motherson Adsys Tech became wholly owned subsidiary of the Company.
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.
