Motherson Raises Shenzhen Autocruis Stake, Signs CNY 3 Million Share Deal
Mumbai: Samvardhana Motherson International Limited has signed an agreement to acquire an additional 0.15 percent stake in China-based Shenzhen Autocruis Technology Co Ltd. The deal will increase Motherson’s indirect shareholding in the Chinese company from 67.78 per cent to 67.93 percent on a fully diluted basis. Share Purchase SMR Automotive (Langfang) Co Ltd, an indirect wholly owned…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
