Motherson Sumi Systems is currently trading at Rs. 416.50, up by 12.50 points or 3.09% from its previous closing of Rs. 404.00 on the BSE.
The scrip opened at Rs. 409.50 and has touched a high and low of Rs. 420.00 and Rs. 409.50 respectively. So far 28,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 450.00 on 19-Nov-2014 and a 52 week low of Rs. 178.25 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 424.55 and Rs. 401.00 respectively. The current market cap of the company is Rs. 36,696.00 crore.
The promoters holding in the company stood at 65.59% while Institutions and Non-Institutions held 22.46% and 11.95% respectively.
Motherson Sumi Systems’ (MSSL) Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP BV), has inked an agreement for purchase of assets of Scherer & Trier group (S&T), Germany from its administrator through its step down subsidiaries. SMRP BV is company’s subsidiary and joint venture with Samvardhana Motherson International. The consideration payable is approximately euro 36 million for the assets including land and building & inventories along with the shareholding held in Mexican entities.
This acquisition includes 2 manufacturing facilities situated at Michelau (Germany) and Puebla, (Mexico). The acquired entity develops and manufactures extrusion profiles, moulded parts made of thermoplastics and hybrid components made of metal and plastic catering to OEMs like Audi, BMW, Daimler, Ford, GM, VW etc. along with other customers. It also has a strong vertical integration including state-of-the-art tool room for injection moulding tools, process engineering and in-house material development capabilities.
The current turnover of ‘Scherer & Trier’ is in the range of 240 million euro. This acquisition further consolidates MSSL’s polymer business in Europe & North America. The deal is subject to completion of regulatory approvals and is expected to be completed in the month of January 2015.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 165.15 |
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