Motherson Sumi - Focus Will Remain On Growth And Cost Efficiency: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Samvardhana Motherson Ltd. has entered into a partnership with the Plast Met group (Turkey) through its subsidiary SMR.
Plast Met group consists of Plast Met Plastik, Bursa and Plast Met Kalip, Istanbul.
Key highlights of the partnership:
SMR will acquire 75% stake and enter into a partnership with the founder of Plast Met. The deal includes two companies of Plast Met group, engaged in manufacturing of injection moulded parts, sub-assemblies for mirrors, trim modules and lighting systems.
The base enterprise value of ~21.8 million euros will be used to determine the equity value of the Plast Met companies and the final purchase price will be 75% of the equity value determined at closing.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.