[ad_1] Auto components manufacturer Samvardhana Motherson Ltd. has announced the acquisition of a 95% stake in Japan-based Atsumitec in an all cash deal worth $57 million. Company Value Change %Change In an exchange filing on Friday, December 6, Samvardhana Motherson said that the deal is likely to be completed by the first quarter of the […]
Samvardhana Motherson launches QIP to raise funds — CNBC-TV18 newsbreak confirmed – CNBC TV18
[ad_1] In what comes as a confirmation of a CNBC-TV18 newsbreak from September 3, Samvardhana Motherson International Ltd. has launched a Qualified Institutional Placement (QIP) to raise funds. The auto component manufacturer’s board approved the launch of the institutional share sale on Monday evening, the company said in an exchange filing. Floor price of the […]
Samvardhana Motherson to invest $15 million for 11% stake in REE Automotive – CNBC TV18
[ad_1] Samvardhana Motherson Ltd. has announced the acquisition of an 11% stake on a fully diluted basis and a 19% stake on a non-diluted basis in Israel-headquartered REE Automotive Ltd. The company will invest a total of $15 million for this acquisition. The automotive component manufacturer in an exchange filing on Sunday said that it […]
Samvardhana Motherson working towards a $1 billion QIP: Exclusive – CNBC TV18
[ad_1] Auto components manufacturer Samvardhana Motherson Ltd. is planning to sell shares to eligible institutional investors and raise up to $1 billion through the same, sources privy to the matter told CNBC-TV18. The QIP, according to the sources, is likely to be launched soon. Samvardhana Motherson is likely to utilise the QIP proceeds either for […]
Samvardhana Motherson to acquire 34% stake in Motherson Auto Solutions for ₹237 crore – CNBC TV18
[ad_1] Auto components maker Samvardhana Motherson International Ltd (SAMIL) on Friday (August 2) said its board has approved the acquisition of a 34% stake in Motherson Auto Solutions Ltd (MASL) from Sojitz Corporation for ₹236.5 crore. “The Board of Directors of Samvardhana Motherson International Ltd (SAMIL) at its meeting held on August 2, 2024, inter-alia, […]