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Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) has issued an announcement.
Samvardhana Motherson International Limited’s subsidiary, Saddles International Automotive & Aviation Interiors Pvt Ltd, has received a penalty from the Employee State Insurance Corporation (ESIC) Pune for delayed contributions for the period before it became a subsidiary. The financial impact of this penalty is negligible as it is covered by seller indemnity, ensuring no adverse effects on the company’s financials.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the automotive and aviation interiors industry, focusing on the manufacturing and supply of components and systems for these sectors. The company is known for its extensive market reach and diverse product offerings.
Average Trading Volume: 1,453,794
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1159.4B INR
For a thorough assessment of MOTHERSON stock, go to TipRanks’ Stock Analysis page.