Samvardhana Motherson International

Given the Japanese company's remaining stake in SAMIL and 25.34 per cent stake in Motherson Sumi Wiring India, investors will keep an eye on the continued participation of the joint venture partner

Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.

They say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification

SAMIL announced it is buying SAS Autosystemtechnik (SAS), which manufactures automobile cockpit modules, from French company Faurecia at an enterprise value of Rs 4,790 crore

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

EV business constitutes almost half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European companies such as Volkswagen, Skoda, Mercedes, Porsche

BENGALURU (Reuters) - Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates.

Auto component major Samvardhana Motherson International on Thursday said its consolidated net profit surged more than three-fold to Rs 288 crore in the second quarter ended September, aided by strong sales across business verticals. The company had reported a net profit of Rs 93 crore for the July-September period of last year. Total revenue from operations rose to Rs 18,261 crore in the second quarter of the current fiscal as against Rs 14,076 crore in the year-ago period, according to a regulatory filing. "We are seeing improvement in the external environment though it remains volatile and uncertain. While constructive discussions with customers on sharing of inflationary cost structures are moving in a positive direction, this continues to be a work in progress quarter," the company's Chairman Vivek Chaand Sehgal said. The strong growth in order book to 18.2 billion euros at SMRP BV is a testimony of the company's strong relationship with its customers, he added. "Full credit

Sojitz Corporation on Tuesday divested 2.83 per cent stake in auto component major Samvardhana Motherson International for Rs 825 crore through an open market transaction. According to the bulk deal data available with the BSE, Sojitz Corporation offloaded 12,80,00,000 shares, amounting to 2.83 per cent stake in the company. The shares were disposed of at an average price of Rs 64.53 apiece, taking the transaction value to Rs 825.98 crore. In July 2020, the Motherson Group announced that they will reorganise its businesses and will change the name of Motherson Sumi Systems Ltd (MSSL) to Samvardhana Motherson International Ltd (SAMIL). Shares of Samvardhana Motherson International closed 7.73 per cent lower at Rs 63.85 apiece on the BSE.

At 09:15 AM, around 133.35 million shares representing 2.95 per cent of total equity of the company changed hands on the BSE in a block deal, the exchange data shows.

Auto components maker Samvardhana Motherson International Ltd on Thursday said it will acquire Daimler India Commercial Vehicles' (DICV) frame manufacturing and assembly operations facilities in Chennai. The company, formerly known as Motherson Sumi Systems Ltd, has signed a strategic agreement, including a long-term deal with DICV for supply of the complete frame assembly as a part of the transaction, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. At present, SAMIL, through a wholly-owned arm, runs the manufacturing operations of the frame manufacturing facility of DICV but the frame assembly operations are managed by DICV itself in a separate facility, it added. "Once the transaction is completed, SAMIL will own the assets, including long-term leasehold rights for land, and will run end-to-end operations for frame manufacturing and assembly and supply to DICV under the long-term supply contract," it added. SAMIL said the acquisition will be carried o

The company has decided to issue bonus shares in the ratio of 1 bonus equity share against 2 existing equity shares, which will be subject to shareholders approval.

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

MSGI is a supplier of various components, including frames for chassis of commercial vehicles