Samvardhana Motherson gains on completing acquisition of 73.05% stake in Irillic
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Samvardhana Motherson International is currently trading at Rs. 131.70, up by 0.55 points or 0.42% from its previous closing of Rs. 131.15 on the BSE.
The scrip opened at Rs. 132.30 and has touched a high and low of Rs. 132.95 and Rs. 131.30 respectively. So far 217943 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 132.25 on 29-Apr-2024 and a 52 week low of Rs. 72.44 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 132.95 and Rs. 121.60 respectively. The current market cap of the company is Rs. 88872.77 crore.
The promoters holding in the company stood at 60.36%, while Institutions and Non-Institutions held 30.65% and 8.98% respectively.
Samvardhana Motherson International has completed acquisition of 73.05% stake (on a fully diluted basis) in Irillic. Irillic is engaged in design, development, manufacturing and distribution of real time Fluorescence Imaging and 4K Laparoscopy Imaging systems. The Board of Directors of the Company at their meeting held on October 20, 2023 have approved the same.
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.
