Motherson Sumi purchases remaining stock of JV from Austria-based partner for Rs 110 crore

Motherson Sumi purchases remaining stock of JV from Austria-based partner for Rs 110 crore

Motherson Sumi has acquired the 50 per cent stake from its partner F Holdings GmbH.

FPJ Web DeskUpdated: Thursday, March 16, 2023, 09:02 PM IST
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According to an exchange filing, Motherson Sumi has acquired the 50 per cent stake from its partner F Holdings GmbH, Austria in a joint venture Fritzmeier Motherson Cabin Engineering.

This makes FMCE a wholly owned subsidiary of Motherson Sumi for a consideration of Rs 110.7 crore.

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