Joint Venture18 Jan 2024, 12:40 pm
Samvardhana Motherson International Ltd. Enters into Strategic Agreement with BIEL Crystal
AI Summary
Samvardhana Motherson International Limited has informed the exchange about the execution of Securities Subscription Agreement, Shareholders Agreement and Technology Support Agreement with BIEL Crystal (Singapore) Private Limited. The agreement will see BIEL making investments in Motherson Electronic Components Private Limited, a wholly owned subsidiary of SMISL, and providing technical assistance.,
Key Highlights
- Entered into strategic agreement with BIEL Crystal
- Investment of CCPS by BIEL
- Technical Assistance from BIEL and/or its Affiliates
- Expansion of business through new ventures