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Motherson Sumi Systems raises Rs 235 crore through NCDs

09 Dec 2021 Evaluate

Motherson Sumi Systems has raised Rs 235 crore through Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 5.68% per annum, 2,350 NCDs having face value of Rs 10 lakh each for cash on private placement basis. The proceeds to be utilized for bona-fide business purposes including refinancing of existing indebtedness, capital expenditure, operating expenses and/or working capital.

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.

SamvardhanaMotherson Share Price

165.80 0.20 (0.12%)
27-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 165.80
Tube Investments 2844.30
Bosch 48700.00
UNO Minda 1275.00
Motherson SumiWiring 37.92
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