Page 5 - Samvardhana Motherson International
Samvardhana Motherson to acquire DICV's frame manufacturing, assembly ops
Auto components maker Samvardhana Motherson International Ltd on Thursday said it will acquire Daimler India Commercial Vehicles' (DICV) frame manufacturing and assembly operations facilities in Chennai. The company, formerly known as Motherson Sumi Systems Ltd, has signed a strategic agreement, including a long-term deal with DICV for supply of the complete frame assembly as a part of the transaction, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. At present, SAMIL, through a wholly-owned arm, runs the manufacturing operations of the frame manufacturing facility of DICV but the frame assembly operations are managed by DICV itself in a separate facility, it added. "Once the transaction is completed, SAMIL will own the assets, including long-term leasehold rights for land, and will run end-to-end operations for frame manufacturing and assembly and supply to DICV under the long-term supply contract," it added. SAMIL said the acquisition will be carried o
 "Samvardhana Motherson to acquire DICV's frame manufacturing, assembly ops")
Samvardhana Motherson shares rises 3% post bonus shares issue announcement
The company has decided to issue bonus shares in the ratio of 1 bonus equity share against 2 existing equity shares, which will be subject to shareholders approval.
 "Samvardhana Motherson shares rises 3% post bonus shares issue announcement")
Motherson in race for Marelli Holdings' restructuring: Report
Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding
 "Motherson in race for Marelli Holdings' restructuring: Report")
Samvardhana Motherson acquires MS Global India from Korea-based MS Group
MSGI is a supplier of various components, including frames for chassis of commercial vehicles
 "Samvardhana Motherson acquires MS Global India from Korea-based MS Group")