MoneyWorks4Me

Sojitz Corporation divests stake in Samvardhana Motherson International

19 Oct 2022 Evaluate

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.

Peers
Company Name CMP
SamvardhanaMotherson 162.00
Tube Investments 2612.50
Bosch 47800.00
UNO Minda 1207.00
Bombay Burmah Trdg. 1406.00
View more..