Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Samvardhana"


2 mentions found


BENGALURU, July 24 (Reuters) - Indian auto parts maker Samvardhana Motherson International (SMIL) (SAMD.NS) said on Monday it made a second acquisition this month, buying Germany's Dr. Schneider Group for 118.3 million euros ($131.6 million). Dr. Schneider Group, a unit of Dr. Schneider Holding, manufactures interior components for vehicles such as panels and lighting. The German company had filed for insolvency in September 2022 due to "a failed operational and financial restructuring", Samvardhana Motherson said in a statement, referring to the acquisition, which was done through an insolvency process. Dr. Schneider Group employs 4,500 people in seven facilities across Germany, Spain, Poland, the U.S., and China, SMIL said. The acquisition adds to SMIL's repertoire of big-ticket purchases to increase its presence in the auto parts manufacturing sector.
Persons: Samvardhana, Dr, Schneider, Samvardhana Motherson, SMIL, Vivek Chaand Sehgal, Varun, Dhanya Ann Thoppil Organizations: Schneider, Schneider Group, Honda Motor, Yachiyo, Sethuraman, Varun Vyas, Thomson Locations: BENGALURU, Germany, Spain, Poland, U.S, China, Japan, Bengaluru
BENGALURU, Feb 20 (Reuters) - Indian shares were set for a muted start on Monday, on worries that the U.S. Fed would go higher for longer with interest rates, while rising concerns after North Korea fired more ballistic missiles further dampened investor mood. India's NSE stock futures listed on the Singapore exchange were up 0.14% at 17,961.50 as of 7:58 a.m. IST. Investors await the minutes of the Fed's meeting, due on Wednesday, to gauge the U.S. central bank's future rate hiking path. Talks of Russia ramping-up attacks in Ukraine ahead of the one-year anniversary of its invasion also added to geopolitical concerns. read more($1 = 82.7310 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Total: 2