E-MAIL FOR SPONSORSHIP

Samvardhana Motherson Acquires 11% Stake in Israel’s REE Automotive

The company will complete the $15 million transaction in 30 days

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Automotive component manufacturer Samvardhana Motherson International (SAMIL), through its wholly-owned subsidiary MSSL Consolidated, is acquiring up to 3.64 million Class A shares in Israel-based e-mobility company REE Automotive for $4.122 per share, resulting in a total investment of $15 million.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

Unlimited article access
Exclusive market insights
Premium research reports
Ad-free reading experience
Loading subscription plans...

Comments

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS