Business Standard

Samvardhana Motherson's SAS acquisition reasonably priced: Analysts

They say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification

Samvardhana Motherson International

Deepak Korgaonkar Mumbai
Shares of automotive (auto) component maker Samvardhana Motherson International (SAMIL) were up nearly 6 per cent at Rs 84.2 on the BSE in Monday’s intraday trade, before closing 3 per cent higher at Rs 81.9.

The gains, even as leading indices fell half a per cent, are after the company announced on Sunday night the acquisition of a 100 per cent stake of SAS Autosystemtechnik GmbH (SAS) at an enterprise value (EV) of €540 million (Rs 4,800 crore). The transaction will be funded by a mix of debt and internal accruals.

SAMIL further said the object of the acquisition, made

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First Published: Feb 20 2023 | 10:20 AM IST

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