Motherson Sumi - Focus Will Remain On Growth And Cost Efficiency: ICICI Securities 
A worker loads finished wire harnesses onto a trolley at the Motherson Sumi Systems Ltd. plant in Faridabad. (Photographer: Brent Lewin/Bloomberg)

Motherson Sumi - Focus Will Remain On Growth And Cost Efficiency: ICICI Securities 

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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:

ICICI Securities Motherson Sumi Systems Company Update.pdf

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