Samvardhana Motherson International's subsidiary increases stake in SMR Jersey to 100%

Samvardhana Motherson Automotive Systems Group B.V., Netherland ('SMRP B.V.'), a material subsidiary of Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) ('the Company') has acquired additional 1.55% shares of Samvardhana Motherson Reflectec Group Holdings Limited ('SMR Jersey') from an independent third party at Euro 18.4 million. After acquisition of aforesaid 1.55% stake, SMR Jersey has become 100% subsidiary of SMRP B.V.

Shares of Motherson Sumi Systems Limited was last trading in BSE at Rs. 80.00 as compared to the previous close of Rs. 80.77. The total number of shares traded during the day was 519199 in over 4774 trades.

The stock hit an intraday high of Rs. 81.47 and intraday low of 79.66. The net turnover during the day was Rs. 41688398.00.

Source : Equity Bulls

Keywords

SamvardhanaMothersonInternational INE775A01035 StakeAcquisition SMRJersey