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BOM:517334

7 stories mentioning BOM:517334

Every FINWIRES story that references BOM:517334, newest first.

Asia

Samvardhana Motherson Commissions 15 MWp Solar Project in India; Shares Slip 3%

Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) energy arm Motherson New Energy commissioned a 15 megawatt-peak ground-mounted captive solar power plant in Mahoba, Uttar Pradesh, India, through its subsidiary Onega Solar.The facility will supply electricity to multiple Motherson manufacturing plants in the state under a group captive arrangement, according to a Monday filing on Indian bourses.Motherson developed the project with ib vogt, which supported land acquisition, regulatory approvals, design and EPC execution.Shares of the company fell over 3% in recent trade.

BOM:517334NSE:MOTHERSON
Asia

Nomura Adjusts Samvardhana Motherson International's Price Target to INR155 From INR140, Keeps at Buy

Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) has an average rating of overweight and mean price target of 149.05 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:517334NSE:MOTHERSON
Asia

Samvardhana Motherson's Consolidated Profit Rises in Fiscal Q4

Samvardhana Motherson International's (NSE:MOTHERSON, BOM:517334) consolidated attributable net profit rose to 15.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 10.2 billion rupees a year ago.Earnings per share came in at 1.42 rupees from 0.97 rupees a year earlier, the auto components manufacturer said in a filing to the Indian stock exchanges on Wednesday. The EPS was higher than the 1.15 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 343.1 billion rupees from 314.1 billion rupees a year ago.The company's board recommended a final dividend of 0.25 rupees per equity share of face value of 1 rupee each for the financial year 2025-26.

BOM:517334NSE:MOTHERSON
Asia

Samvardhana Motherson Plans Up to INR50 Billion Debt Offering

Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) received in-principle board approval to raise up to 50 billion Indian rupees through the issue of debentures on a private placement basis, according to a Wednesday filing to the Indian stock exchanges.The auto components manufacturer plans to issue 500,000 non-convertible debentures with a face value of 100,000 rupees each in one or more tranches.The debt securities will be listed on the BSE or the National Stock Exchange of India.The company's shares were up nearly 2% in recent trade.

BOM:517334NSE:MOTHERSON
Asia

Samvardhana Motherson International's France-Based Subsidiary Dissolved

Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) said its indirect wholly owned subsidiary, GIE Groupe AD, has been dissolved by the Commercial Register in France, according to a Thursday filing.The dissolution was approved on April 14, with effect from Nov. 1, 2017, and deregistration completed on April 14, the filing said.The entity was not operational and was part of the ADI Group acquired in May 2024, it added.

BOM:517334NSE:MOTHERSON
Asia

Samvardhana Motherson International's Jersey Unit Dissolved Under Restructuring

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.

BOM:517334NSE:MOTHERSON
Asia

Samvardhana Motherson International's Croatian Subsidiary Gets Dissolved; Shares Down 3%

Auto components manufacturer Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) said its indirect wholly-owned subsidiary SMRC Automotive Interior Modules Croatia has been dissolved, according to a Sunday filing to the Indian stock exchanges.The company's shares were down 3% in early trade on Monday.SMRC-Croatia applied to the Commercial Court of Zagreb for its dissolution, as it had no foreseeable new business and incurring high annual costs.Subsequently, the Commercial Court of Zagreb dissolved the company from its register, rendering it dissolved from April 11.

BOM:517334NSE:MOTHERSON