Samvardhana Motherson rises as its board approves acquisition of 14.29% stake of MTSKG by MTS SG
Samvardhana Motherson International is currently trading at Rs. 144.75, up by 1.05 points or 0.73% from its previous closing of Rs. 143.70 on the BSE.
The scrip opened at Rs. 144.10 and has touched a high and low of Rs. 146.50 and Rs. 143.60 respectively. So far 344998 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 217.00 on 27-Sep-2024 and a 52 week low of Rs. 107.30 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 146.50 and Rs. 139.10 respectively. The current market cap of the company is Rs. 102448.46 crore.
The promoters holding in the company stood at 58.13%, while Institutions and Non-Institutions held 33.42% and 8.44% respectively.
Samvardhana Motherson International’s (SAMIL) board of directors has approved acquisition by Motherson Technology Service SG Pte (MTS SG), a step-down subsidiary of SAMIL, of 14.29% stake of Motherson Technology Services Kabushiki Gaisha (MTSKG). Post completion of the transaction, Motherson Technology Service SG Pte will own 100% of MSTKG. Thereupon, the beneficial interest of SAMIL in MTSKG will increase from 85.71% to 100%. The transaction is expected to be closed by Q1FY26.
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.
