In an open market transaction on Tuesday, Sojitz Corporation sold its 2.83 % stake in Samvardhana Motherson International for Rs825 crore. The BSE has bulk deal data that shows Sojitz Corporation sold 12,800,000 shares, or 2.83 % of the business, totaling 12,800,00,000.
The transaction value increased to Rs825.98 crore when the shares were sold at an average price of Rs 64.53 per share. Samvardhana Motherson International Ltd. will replace Motherson Sumi Systems Ltd. (MSSL), according to a July 2020 announcement from the Motherson Group (SAMIL). Samvardhana Motherson International’s stock fell 7.73% to settle at Rs63.85 a share on the BSE.
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