Sojitz Corporation has divested 2.83 per cent stake in Samvardhana Motherson International for Rs 825 crore through an open market transaction. Sojitz Corporation offloaded 12,80,00,000 shares at an average price of Rs 64.53 apiece.
Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.