SMAST to buy majority stake in Rotary Connectors for ₹500.4 crore EV

Samvardhana Motherson International said its subsidiary Samvardhana Motherson Adsys Tech (SMAST) will acquire a majority equity stake in Rotary Connectors (RCPL) at an enterprise value of ₹500.4 crore. The transaction is expected to be completed by the end of the month, subject to customary conditions.