Samvardhana Motherson International jumps on getting nod to acquire additional 20% stake in YMAT
Samvardhana Motherson International is currently trading at Rs. 93.52, up by 1.43 points or 1.55% from its previous closing of Rs. 92.09 on the BSE.
The scrip opened at Rs. 92.85 and has touched a high and low of Rs. 93.60 and Rs. 91.11 respectively. So far 304124 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 144.74 on 27-August-2024 and a 52 week low of Rs. 71.57 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 96.00 and Rs. 91.11 respectively. The current market cap of the company is Rs. 98156.32 crore.
The promoters holding in the company stood at 48.60%, while Institutions and Non-Institutions held 33.36% and 18.04% respectively.
Samvardhana Motherson International has received approval to acquire additional 20% stake of Youngshin Motherson Auto Tech (YMAT) from Youngshin Components Co., Korea. Post completion of the transaction, YMAT will become wholly owned subsidiary of the company. The board of directors of the company in their meeting held on August 29, 2025 have approved the same.
YMAT is a joint venture in India between the company and Youngshin Components Co., Korea (JV Partner) incorporated in 2017 with a 50-50 shareholding structure. In June 2023, the company had acquired additional 30% stake from the JV partner. YMAT is engaged in manufacturing & assembling of auto clutch products. This is a product used in the HVAC assembly of passenger vehicles.
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.
