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Motherson sumi : Recent opportunity to buy

Moneycontrol – 3 Jan 24

Sumitomo may exit Samvardhana Motherson, hires banker for Rs 10,000-cr deal

If the block deal fructifies in this quarter, then it will come exactly one year after Sumitomo’s part stake sale in March 2023. At the time, Sumitomo had offloaded 3.4 percent stake in Samvardhana Motherson at Rs 70.1 apiece

Has been an overhang on the stock price for sometime.

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