Motherson Sumi Systems is currently trading at Rs. 144.65, up by 0.50 points or 0.35% from its previous closing of Rs. 144.15 on the BSE.
The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 145.50 and Rs. 144.30 respectively. So far 120165 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 218.40 on 02-Jun-2021 and a 52 week low of Rs. 119.55 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 146.20 and Rs. 138.05 respectively. The current market cap of the company is Rs. 65369.88 crore.
The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 30.30% and 7.98% respectively.
Motherson Sumi Systems (MSSL) has successfully completed the acquisition of a majority stake in CIM Tools. As announced earlier, MSSL has acquired a 55% stake in CIM Tools (CIM). CIM in turn holds 83% in Aero Treatment (ATPL) and 49.99% in Lauak CIM Aerospace (JV with Lauak International, LCA). CIM, ATPL and LCA are hereinafter referred to as ‘CIM Group’. CIM Tools is engaged in specialised machining and sub-assembly of components for the aerospace industry. ATPL is a vertically integrated unit engaged in surface treatment of machined parts.
This acquisition marked MSSL’s entry into the Aerospace industry and provides it with access to an existing and well-established customer base as well as additional specialised capabilities to serve the aerospace industry through its four dedicated facilities. The successful closure of this acquisition is another step forward in the diversification strategy of Motherson.
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.
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