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Motherson Sumi Systems News
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The acquisition, which is Samvardhana Motherson Group's 21st buy till date, intends to further bolster its offerings in the automotive interior space.
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Auto component firm Motherson Sumi Systems has raised Rs 1,993.44 crore via issuance of 62,884,827 shares to qualified institutional buyers.
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Auto component major Motherson Sumi Systems said it has closed the bid for Rs 1,993.5 crore fund raising through qualified institutional placement after fixing the issue price at Rs 317 per share
The company had posted a net profit of Rs 163.73 crore during the same period of the previous fiscal.
Auto parts maker Motherson Sumi Systems Ltd would buy assets of Germany`s Scherer & Trier group for about 36 million euros.
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