Diabytes
Motherson Sumi News
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In 1975, Sehgal established Motherson with his mother and started trading silver.
The Hunt brothers' bankruptcy put the company's future in the silver sector in peril.
Motherson started producing vehicle parts and ultimately grabbing success out of the hands of failure.
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The company had reported a net profit of Rs 849 crore in the March quarter of 2020-21 fiscal.
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In one of the biggest acquisitions in auto component space by an Indian firm, Motherson Sumi Systems Ltd (MSSL) will launch a 571 million euro (over Rs 4,150 crore) open tender offer to fully acquire Finland's PKC Group Plc (PKC), a maker of wiring harness.
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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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Here are 10 stocks which should be carefully monitored post Brexit.
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Auto component maker Motherson Sumi Systems today reported 21.65 percent increase in consolidated net profit at Rs 413.72 crore for the fourth quarter ended March 31, 2016, riding on record sales.
The company had posted a net profit of Rs 302.53 crore in the same quarter previous fiscal, Motherson Sumi Systems said in a filing to the BSE.
"MSSL estimates these orders to generate sales revenues of approximately Rs 15,400 crore (around 2.2 billion Euro) over its lifetime and expected to commence from calendar year 2018," it added.
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