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.