-- Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) said its indirect wholly owned subsidiary, Samvardhana Motherson Reflectec Group Holdings (SMR-Jersey), has been dissolved, effective April 10, according to a Tuesday filing on Indian bourses.
Shares of the company rose nearly 4% on Wednesday.
The dissolution follows an application by the subsidiary as part of efforts to simplify the group holding structure, the filing said.
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