Samvardhana Motherson International Ltd is set to acquire assets and shares of Germany’s Dr Schneider Group for €118.3m ($141.2m). Dr Schneider Group is a loss-making asset, currently going through administration. Despite this, the acquisition is expected to create new growth opportunities for Motherson through the addition of a new product portfolio. Last month, Motherson Group acquired Bombardier’s electrical wiring interconnection system business for $10m after acquiring Reydel Automotive in May.
Sebi seeks views on simplifying registration process for certain FPIs, floats consultation paper
Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The