Monday, April 30, 2012

SAMVARDHANA MOTHERSON FINANCE LIMITED (SMFL) IPO REVIEW: ONE DOES NOT KNOW FROM WHERE THE MONEY IS COMING OR GOING.

Samvardhana Motherson Finance Limited (SMFL) has 18 subsidiaries, 19JVs and 1 associate company.  Motherson Sumi Limited (MSSL) is an listed entity in India in which SMFL holds 36% equity. MSSL has 83 companies as its subsidiaries / JVs /associates. Apart from this, the promoter group has promoted 23 entities. It is really a maze.

2 comments:

  1. subsidaries/ JV / Associates are the strength of this company. see track record of motherson sumi systems limited.

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  2. Then how come this company has reported loss for 9 months period ending 31-12-11.

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