Investment21 Mar 2025, 11:46 pm
Samvardhana Motherson Invests $5-7 Million in REE Automotive for 18.6% Stake
AI Summary
Samvardhana Motherson International Limited has invested in REE Automotive Ltd. through its wholly owned subsidiary SMRP B.V., which now holds 18.6% of ordinary share capital in REE Automotive Ltd. (11% on a fully diluted basis) after subscribing to 36,39,010 Class A Ordinary shares. REE Automotive is raising further investment to support commercialisation of its orderbook, and Samvardhana Motherson will invest between USD 5 to 7 Million to maintain its current shareholding percentage. The decision was made during the Board Meeting of Samvardhana Motherson on March 21, 2025.
Key Highlights
- Samvardhana Motherson International Limited invests in REE Automotive Ltd. through its subsidiary SMRP B.V.
- SMRP B.V. now holds 18.6% of REE Automotive's ordinary share capital (11% on a fully diluted basis)
- REE Automotive is raising further investment to support commercialisation of its orderbook
- Samvardhana Motherson to invest between USD 5 to 7 Million to maintain its shareholding percentage
- The decision was made during the Board Meeting of Samvardhana Motherson on March 21, 2025