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Samvardhana Motherson Finance Ltd IPO Current News

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Motherson Sumi Systems updates on rating for subsidiary
Sun, 18 Jun 2017 15:03:00 GMT
Motherson Sumi Systems Limited announced that Fitch Ratings ('Fitch') has rated outstanding secured bonds of SMRPBV at BBB- Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP BV), a subsidiary of the Company. Furthermore, Fitch has also ...

Avoid Samvardhana Motherson IPO, says AB Money
Mon, 30 Apr 2012 00:13:00 GMT
Aditya Birla Money has come out with its report on Samvardhana Motherson Finance Ltd (SMFL) IPO issue. The research firm has recommended to avoid the issue, in its April 30th 2012 report. SMFL, is the holding of Samvardhana Motherson Group (SMG ...

Samvardhana Motherson Finance Shelves IPO
Fri, 04 May 2012 03:24:00 GMT
MUMBAI India's Samvardhana Motherson Finance Ltd. was Friday forced to shelve its initial public offering to raise 16.65 billion rupees ($312 million), as the company met with feeble investor response. Investor enthusiasm for primary share issues has ...

Motherson Sumi hits IPO speed bump
Sun, 06 May 2012 08:41:49 GMT
SMFL holds 36.12 per cent stake in Motherson Sumi Systems. SMFL had planned to raise Rs 1,665 crore. The Samvardhana IPO could mop up only about 23 per cent of the total book size. SMFL is a core investment company that produces components such as rear ...

Samvardhana Motherson To Raise R1665Cr Through An IPO
Wed, 25 Apr 2012 03:53:37 GMT
Samvardhana Motherson Finance Limited has filed DRHP to raise R1665Cr, which includes a fresh issue of R1344Cr and an offer for sale of R321Cr by Radha Rani Holdings Pte Limited. The funds raised through fresh issue will be used to fund pre-payment and ...

Samvardhana Motherson Finance withdraws IPO due to poor response
Fri, 04 May 2012 06:42:10 GMT
Samvardhana Motherson Finance has withdrawn its initial public offering (IPO) of shares to raise about Rs1,665 crore due to poor demand. The company, which provides design and manufacturing solutions to automakers, had appointed Standard Chartered and ...

Samvardhana Motherson Finance Ltd IPO Withdrawn
Sun, 06 May 2012 17:00:00 GMT
Samvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor across the board. SMFL public issue subscribed 0.23 times on its final day of subscription. QIB quota of the IPO subscribed most with bids ...

Sensex falls 320 points on fear of Mauritius tax treaty rejig
Fri, 04 May 2012 22:56:00 GMT
Samvardhana IPO scrapped MUMBAI:The current bad market conditions took its first toll on Friday with the IPO of Samvardhana Motherson Finance, which was aiming to raise Rs 1,665 crore to be the largest offering in about 18 months, being scrapped because of ...

Plastene India becomes third IPO to be withdrawn in 2012
Tue, 15 May 2012 10:14:00 GMT
... company of the automotive component manufacturing group Samvardhana Motherson, saw its issue subscribed just 23 per cent or less than a quarter. Goodwill Hospitals withdrew its IPO in January while Galaxy Surfactants pulled out its IPO in May 2011 due ...

Anchor investors buy 13.3% of Indian auto parts makers IPO
Tue, 01 May 2012 17:00:00 GMT
Indian auto components manufacturer Samvardhana Motherson Finance SMFL has secured Rs2.22 billion or about 13.3% of the funds targeted through its initial public offering from anchor investors, including the Government of Singapore, an announcement on the ...

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