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Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) has provided an announcement.
Samvardhana Motherson International Limited announced an update regarding the scheme for the reduction of share capital by its subsidiary, Motherson Technology Services Limited (MTSL). The company, which holds a 92.96% stake in MTSL, is seeking approval from the National Company Law Tribunal to make MTSL a wholly-owned subsidiary. This move is part of the company’s strategic efforts to streamline its operations and strengthen its control over MTSL, potentially enhancing its market positioning and operational efficiency.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the automotive industry, providing a wide range of products and services including automotive components, modules, and systems. The company focuses on delivering innovative solutions to enhance vehicle performance and safety, serving a global market with a strong presence in key automotive regions.
Average Trading Volume: 985,189
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1106.6B INR
Learn more about MOTHERSON stock on TipRanks’ Stock Analysis page.