Motherson Sumi Systems

Adani Enterprises has high chance of entering Nifty in next rejig

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Adani Enterprises has high chance of entering Nifty in next rejig

Mumbai: Adani Enterprises has a ‘high chance’ of replacing Shree Cement in the benchmark Nifty in the semi-annual index review in September, according to Edelweiss Alternative & Quantitative Research. The changes in the index will be announced in the second half of August, and the rebalancing date would be on September 30. Abhilash Pagaria, head … Read more

Motherson Sumi’s reorganization plan good news for investors

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Motherson Sumi’s reorganization plan good news for investors

Mumbai: Motherson Sumi is adding heft through a reorganization of businesses, and that’s good news for serious investors seeking a competitive global play in auto parts. Samvardhana Motherson International (SAMIL), a company owned by Motherson promoters, is being merged with the company by next year, likely boosting valuations for the to-be-listed entities.Under the reorganization, effective … Read more