[ad_1] Samvardhana Motherson International Limited has issued corporate guarantees worth approximately $1.1 billion to support the lenders and creditors of its wholly-owned subsidiaries. The company said this step would help harmonise the security structure and allow its consolidated credit strength to benefit its subsidiaries. According to a regulatory filing with the BSE and NSE, the […]
Samvardhana Motherson shares can double in three years, CLSA says citing subdued valuations – CNBC TV18
[ad_1] Brokerage firm CLSA expects shares of Samvardhana Motherson Ltd. to potentially double over the next three years. It made these remarks in a note on Thursday, March 27. The brokerage has an “outperform” rating on the manufacturer of automobile components and equipment with a price target of ₹167. This implies a potential upside of […]
Samvardhana Motherson to secure Prysm Systems’ assets via public auction – CNBC TV18
[ad_1] Auto components major Samvardhana Motherson International Ltd (SMIL) on Thursday (January 9) announced significant measures through its indirect subsidiary, MSSL Consolidated Inc. (MSSL Consol), to secure Prysm Systems’ assets and patented technology. Company Value Change %Change MSSL Consol had previously invested in Prysm Systems Inc., a technology-driven entity, through 12% optionally convertible secured notes. […]
Samvardhana Motherson Q1 Results: Red sea crisis leading to inventory build-up, debt rises – CNBC TV18
[ad_1] Shares of Samvardhana Motherson International Ltd., the auto component manufacturer declined after the company reported its June quarter results on Tuesday. Net profit for the period increased by 65.4% from last year to ₹994.2 crore, which was in-line with expectations of ₹985 crore. Profitability for the quarter increased due to scale benefits and margin […]