Motherson Sumi Systems’ Board has approved the issuance of Listed, Secured, Redeemable, Non-convertible Debentures (NCDs), with an aggregate amount up to Rs 500 crore on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs. The proposed NCD’s to be listed on BSE.
The Committee of Directors (Administrative Matters) of the Board of Directors of the Company in its meeting held on April 16, 2020, has approved the same.
Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
