Samvardhana Motherson Shares Surge On Heavy Volumes; What's Driving The Stock
Zee Business Video Team | Updated: February 20, 2023 16:38 pm
Samvardhana Motherson shares jumped by as much as Rs 4.7 or 5.8 per cent to Rs 84.2 apiece on BSE with large volumes. This is the third major acquisition of Samvardhana Motherson in the last 5 months. The company's subsidiary has entered into an agreement to take 100% stake in German company SAS Autosystemtechnik GmbH. This acquisition will be at an enterprise value of Rs 4800 crore. The company had a net income (IFRS) of Rs 7900 crore in CY22. How will the company benefit from the new acquisition? Know the complete details from Kushal Gupta.
