Auto OEM M&A: In Focus SAMIL & Lumax Auto Tech | Explained | ET Now

Action seen in Auto OEMs as mergers and acquisitions become prevalent. SAMIL To acquire 100% stake in SAS Autosystemtechnik for Euro 540mn, with deal valued at EV/EBIDTA 5.2x (CY22 ), the target company is leading global provider of cockpit module assembly for the automotive industry. Lumax Auto Technologies to acquire 75% stake in IAC Group’s India business for Rs 587cr at EV/EBIDTA 6.2x (CY22). The target company is Tier-1 interior systems and components supplier. Minda Corp cquired 15.7% stake in Pricol for Rs 400 crore as financial investment.SAMIL and Lumax Auto Tech rose between 4-13 percent in the day’s trade. Sharad Dubey explains more. Here's all you need to know. #etnowspotlight #autostocks #sharemarket Subscribe To ET Now For Latest Updates On Stocks, Business News, Trading, Crypto Updates | https://bit.ly/SubscribeToETNow To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com Subscribe Now To Our Network Channels:- Times Now: https://bit.ly/SubscribeToTimesNow Mirror Now: https://bit.ly/SubscribeToMirrorNow