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.
