Motherson Sumi Systems’ promoter Samvardhana Motherson International has sold 1.37% stake in the firm for over Rs 1,079 crore, through an open market transaction. The promoter has disposed of 2.88 crore shares. The shares were offloaded at an average price of Rs 375.02 apiece, valuing the transaction at Rs 1079.68 crore.
Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
