Samvardhana Motherson International Limited has concluded the acquisition process of identified assets and certain employee liabilities of the German entities of Dr. Schneider Holding GmbH. This move, initiated by Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), a wholly-owned subsidiary, encompasses 100 per cent shares in the foreign subsidiaries of Dr Schneider Group located in Spain, China, the USA, and Poland. The acquisition, completed on October 2, 2023, excludes a 21 per cent shareholding in Symbiose SAS.
Link 👇👇👇👇👇👇👇👇👇
Samvardhana Motherson completes acquisition and liquidation processes