Motherson Sumi Systems Ltd Acquisiton of Stake in CIM Tools Pvt Ltd Call Transcript
Ladies and gentlemen, good day, and welcome to the conference call of Motherson Sumi Systems Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. VC Sehgal. Thank you. And over to you, Mr. Sehgal.
Thank you. Good evening, ladies and gentlemen. Welcome to our special conference on the acquisitions that have been done. I hand it over now to Rajat who is the hero for the Chinese acquisition; and also later to Kunal Bajaj, who is the hero for the aerospace one.
So over to you, Rajat. Go ahead.
Thank you so much. Good afternoon, good evening, everyone. So the first acquisition we're talking about is basically a mirror business in China that currently is a joint venture between MEKRA Lang and JMCG, Jiangling Motor company. It's a 60% MEKRA Lang, and 40% JMCG-owned joint venture. And with this acquisition, we would be buying out the
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