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Samvardhana Motherson acquires 50.1% equity stake in Rotary Connectors Private Limited

1 report, 1 independent Updated Sep 21
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What happened

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Samvardhana Motherson International announced that its Board of Directors approved the acquisition of a 50.1% equity stake in Rotary Connectors Private Limited. The purchase will be executed through Samvardhana Motherson Adsys Tech Limited, a wholly owned subsidiary of Samvardhana Motherson International. This transaction will make Rotary Connectors Private Limited an indirect subsidiary of Samvardhana Motherson International, while the existing promoters retain the remaining 49.9% equity stake.

From equitybulls.com

Why it matters

Some supportBrind's analysis of the reports

Rotary Connectors Private Limited operates in the aerospace and defense industry, specializing in military-grade circular connectors. The company maintains three manufacturing facilities in Bengaluru, India. The acquisition structure could strengthen the domestic supply chain for military-grade connectors used by the Indian Air Force.

From equitybulls.com

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