Promoter sells 1.37% stake in Motherson

Auto component major Motherson Sumi Systems’ promoter Samvardhana Motherson International today sold 1.37 per cent stake in the firm for over Rs 1,079 crore, through an open market transaction.

According to the bulk deal data available with BSE, the promoter disposed of 2.88 crore shares, amounting to 1.37 per cent stake, in Motherson Sumi Systems. The shares were offloaded at an average price of Rs 375.02 apiece, valuing the transaction at Rs 1079.68 crore, the data showed.