Samvardhana Motherson International Ltd to Acquire Prysm Systems Inc Call Transcript
Ladies and gentlemen, good day, and welcome to the conference call of Samvardhana Motherson International 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, sir.
Thank you. Good evening, ladies and gentlemen. It's my honor and my pleasure to welcome you to this investor call. I want to request Vaaman to please introduce subjects and also make the opening statement. Go ahead, Vaaman.
Thank you, Baba. Ladies and gentlemen, good evening, and thank you for joining us on the call. We are delighted to announce that SAMIL has announced 2 strategic acquisitions today. Firstly, the board has approved the acquisition of an 81% stake in Yachiyo's 4-wheeler business, which is a subsidiary of Honda Motor. We have been chosen by the customer for a strategic
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