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CCI approves reorganisation of Motherson Group


Industry > Industry monitor > Agrochemicals
27 May 2021
The Competition Commission of India (CCI) on Tuesday gave approval to a proposal pertaining to intra-group reorganisation of the Motherson Group under the green channel route.
CCI on Thursday said it received a notice under Green Channel filed by Motherson Sumi Systems Limited (MSSL), Samvardhana Motherson International Limited (SAMIL), Sumitomo Wiring Systems Limited (SWS) relating to an intra-group reorganisation of the Motherson Group and is deemed approved.
Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned. ....

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Motherson Sumi share rises over 2% after Fitch Ratings revises outlook for subsidiary


Motherson Sumi share rises over 2% after Fitch Ratings revises outlook for subsidiary
Motherson Sumi share touched day s high of Rs 162.45, rising 3.64% against previous close of Rs 156.75 on BSE
BusinessToday.In | December 17, 2020 | Updated 16:18 IST
Motherson Sumi share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
Motherson Sumi share hit a fresh 52-week high today after Fitch Ratings revised the outlook of its subsidiary to stable from negative. The stock touched day s high of Rs 162.45, rising 3.64% against previous close of Rs 156.75 on BSE.
Motherson Sumi share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 13.38% in one year and risen 9.86% in one year. In a month, the share has gained 23.37%. ....

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