The record
Written from the 1 report below. Nothing here is unsourced.
- Samvardhana Motherson Adsys Tech will purchase a 50.1 percent stake in Rotary Connectors for 500.4 crore rupees.
- The acquisition aims to strengthen the Motherson Group's presence in the aerospace and defense sectors.
- Rotary Connectors produces military-grade circular connectors and operates three manufacturing facilities in Bengaluru.
- This deal will make the target company an indirect subsidiary of Samvardhana Motherson International.
What to watch next
- Completion of the transaction by the end of the current financial year
- Integration of Rotary Connectors into the Motherson Group's aerospace and defense vertical
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Named India · Rotary Connectors · Samvardhana Motherson Adsys Tech · Samvardhana Motherson International
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