MSSL Mideast (FZE), a wholly owned subsidiary of Samvardhana Motherson International, has incorporated a wholly owned subsidiary, namely, Motherson Strategic Systems Mideast, Jebel Ali Free Zone, Dubai. The newly incorporated company will acquire, invest and hold movable and immovable assets of group.Powered by Capital Market - Live News

Samvardhana Motherson International announced that its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions has completed the acquisition of 34% stake in Motherson Auto Solutions (MASL) from Sojitz Corporation. Upon the aforesaid acquisition of 34% stake, MASL has become an indirect wholly owned subsidiary of the Company. Powered by Capital Market - Live News

Net profit of Samvardhana Motherson International rose 65.46% to Rs 994.17 crore in the quarter ended June 2024 as against Rs 600.87 crore during the previous quarter ended June 2023. Sales rose 28.01% to Rs 28521.61 crore in the quarter ended June 2024 as against Rs 22280.28 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales28521.6122280.28 28 OPM %9.738.64 - PBDT2509.771747.99 44 PBT1445.20909.09 59 NP994.17600.87 65 Powered by Capital Market - Live News

The Board of Samvardhana Motherson International at its meeting held today i.e. 02 August  2024, has considered and approved, subject to the approval of the shareholders of the Company and subject to such regulatory/statutory approvals as may be required, raising of funds, inter alia, by issue of equity shares and/or any other securities convertible into equity shares or a combination of such securities by way of one or more further public offer, rights issue, American Depository Receipts / Global Depository Receipts/ Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any combination thereof or any other method as may be permitted under applicable laws. Powered by Capital Market - Live News

Samvardhana Motherson Intl. announced that the 37th Annual General Meeting (AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live News