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Motherson Sumi Systems issues commercial paper of Rs 50 crore

31 Jul 2020 Evaluate

Motherson Sumi Systems has issued Commercial Paper (CP) of Rs 50 crore on July 29, 2020. The tenure of the instrument is 63 days and the coupon/interest will be paid upfront at the rate of 3.85% per annum. The paper will mature on September 30, 2020.  

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.

Peers
Company Name CMP
SamvardhanaMotherson 162.00
Tube Investments 2612.50
Bosch 47840.10
UNO Minda 1207.00
Bombay Burmah Trdg. 1398.95
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