Motherson Sumi's reorganization plan good news for investors
Synopsis
The share swap merger between SAMIL and Motherson Sumi Systems will allow existing shareholders of the listed entity to buy into the auto ancillary and other support businesses of SAMIL.
Mumbai: Motherson Sumi is adding heft through a reorganization of businesses, and that's good news for serious investors seeking a competitive global play in auto parts. Samvardhana Motherson International (SAMIL), a company owned by Motherson promoters, is being merged with the company by next year, likely boosting valuations for the to-be-listed entities.Under the reorganization, effective by July 2021, two entities will be created. One will
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