COMPANY NEWS


Samvardhana Motherson International Ltd
BSE Code 517334 ISIN Demat INE775A01035 Book Value (₹) 46.36 NSE Symbol MOTHERSON Div & Yield % 0.51 Market Cap ( Cr.) 85,620.08 P/E * 130.26 EPS * 0.97 Face Value (₹) 1
* Profit to Earning Ratio
* Earning Per Share
Samvardhana Motherson International arm to receive investment and technology support from BIEL Cryst Back
(18 Jan 2024)
Samvardhana Motherson Innovative Solutions (SMISL) a wholly owned subsidiary of Samvardhana Motherson International has entered into a Securities Subscription Agreement, Shareholders Agreement and Technology Support Agreement (Definitive Agreements) all dated 18 January 2024 with BIEL Crystal (Singapore) (BIEL).

Pursuant to the Definitive Agreements, BIEL will make investment(s) in Motherson Electronic Components (MECPL), a wholly owned subsidiary of SMISL.

Further, MECPL will receive Technical Assistance from BIEL and/or its Affiliates.