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An update from Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) is now available.
Samvardhana Motherson International Limited’s Board of Directors has approved a scheme for the reduction of share capital by its subsidiary, Motherson Technology Services Limited (MTSL). This move will result in MTSL becoming a wholly-owned subsidiary of SAMIL, as the company plans to reduce the shareholding of certain minority shareholders. The process involves a payout of approximately INR 335.25 million, with INR 150.76 million attributable to the promoters and promoter group. This strategic decision aims to consolidate SAMIL’s control over MTSL, potentially enhancing operational synergies and streamlining management within the group.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the Information Technology sector, primarily focusing on technology services through its subsidiary, Motherson Technology Services Limited (MTSL). MTSL reported a consolidated revenue of INR 11,362.6 million for the financial year ending March 31, 2025.
Average Trading Volume: 835,452
Technical Sentiment Signal: Hold
Current Market Cap: 981.5B INR
Learn more about MOTHERSON stock on TipRanks’ Stock Analysis page.