MUMBAI, Jan 2 (Reuters) - Motherson Sumi Systems Ltd said on Friday its board has approved the acquisition of the global rear view mirror business from Visiocorp PLC.
The acquisition is being made together with Samvardhana Motherson Finance Ltd through a special purpose vehicle (SPV) in which Motherson Sumi will hold 51 percent and Samvardhana the rest.
The global rear view mirror business had a revenue of 700 million euros. The proposed capital of the SPV is 30 million ...
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