Continental Acquires Modi Tire Business
· *International Automotive Supplier Continental acquires 100% stake in Modi Tyres Company Limited. *Strengthened presence in India with local production and distribution of bias and...
Acquisition would be made through a Joint Venture in which Motherson Sumi Systems Limited would hold 51% and Samvardhana Motherson Finance Limited would hold 49% share.
New Delhi, 18th July 2011At the meeting held on 13th July 2011 the board of directors of Motherson Sumi Systems Limited has in principle approved the proposal...