Motherson Sumi Systems will soon finalise acquisition of 80% of the shareholding of Peguform Group, Germany from Cross Industries AC, who would continue to hold 20% shareholding. This acquisition would also include 50% holding in Wethje Carbon Composite which is a part of Cross Industries.
The company’s board at its meeting held on July 13, 2011 has considered and accorded it’s in principle approval to acquire an overseas entity. The acquisition would be made through a joint venture company in which Motherson Sumi Systems would hold 51% and Samvardhana Motherson Finance would hold 49% share.
Recently, Motherson Sumi Systems had received approval for the merger of its three group firms with itself as it in the process of consolidating its business. The company was looking to merge Sumi Motherson Innovative Engineering (SMIEL), MSSL Global Wiring (MGWL) and India Nails Manufacturing (INMPL) with itself. The company had received the approval for the merger at its board meeting held on April 28, 2011. These consolidations are the part of the company plans as it has set a target of becoming a $5 billion entity by 2015.
Motherson Sumi Systems (MSSL) is engaged in manufacturing a range of products from single circuit lead wire to complex cabin harnesses and from small harnesses to harnesses for large cranes and elevators. MSSL also supplies wiring harnesses to material handling, earth moving and farm equipment, white goods & electronics, elevators, office automation and medical equipment industries. MSSL is the largest manufacturer of wiring harnesses in India.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 148.70 |
| TVS Holdings | 10238.90 |
| Bosch | 32799.85 |
| UNO Minda | 1067.65 |
| Endurance Tech | 2092.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
