Motherson Sumi Systems earlier last week acquired 80% stake in Peguform Group. The company said it will fund the deal through overseas loans and has appointed ICICI Bank as the lead arranger. But this, Vivek Chaand Sehgal, chairman of the Motherson Sumi Group says won't impact the margins.
Auto parts maker Motherson Sumi Systems said on Monday the deal to buy a majority stake in Germany's Peguform Group was valued at 141.5 million euros with the firm's share being 72.17 million euros.
Motherson Sumi Systems jointly with Samvardhana Motherson Finance is acquiring 80% stake in Germany's Peguform Group from Cross Industries AG for an undisclosed amount.