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Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. Samvardhana Motherson International: Sumitomo Wiring, a key stakeholder in the automotive firm Samvardhana Motherson, is reportedly planning to sell a 4.5 percent stake through a block deal, reported CNBC-Awaaz …

Samvardhana Motherson shares tank 10% after promoter sells stake via block deals

Shares of Samvardhana Motherson International Ltd plunged 10.94 per cent to trade at ₹68.40 on the NSE in Thursday's intra-day trade after promoter Sumitomo Wiring Systems sold 3.4 per cent stake in the company through block deals to fund partial debt repayment. SWS, the Japan-headquartered promoter firm, held nearly 17.55 per cent stake in Samvardhana Motherson as of December quarter, …

Bonus shares six times in 10 years. Do you own this auto sector stock?

Samvardhana Motherson International Limited's has been one of the Indian companies who has consistently rewarded to its shareholders over the long term in a way of issuing bonus shares. The auto ancillary company has declared bonus issues six times in the last 10 years i.e., since 2012, with all announced in the ratio of 1:2. The recent bonus shares issue …

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Samvardhana Motherson announces bonus shares issue. Key details

Samvardhana Motherson International Limited's board met on Tuesday to consider the proposal for bonus equity shares of the company and has therefore recommended the issue in the ratio of 1:2, subject to shareholders' approval. “the Board of Directors of the Company in its meeting held today, i.e., August 16, 2022, has recommended issue of bonus shares in the ratio of …

Samvardhana Motherson to consider bonus shares issue today. Details inside

Samvardhana Motherson International Limited's board will meet today to consider the proposal for bonus equity shares of the company. For the first quarter ended June 2022, Samvardhana Motherson's net profit increased to ₹141 crore, whereas its revenue was at ₹17,712 crore during Q1 FY23. The de-merger of domestic wiring harness business and merger with parent entity happened in January this …