Samvardhana Motherson International has raised Rs 600 crore through the allotment of 60,000 Unsecured, Rated, Listed, Redeemable, Non- Convertible Debentures (NCDs) having face value of Rs 1,00,000 each for cash on private placement basis. The said NCDs will be listed on the Wholesale Debt Market segment of BSE and National Stock Exchange of India. The Board of Directors of the Company has allotted the same.
Samvardhana Motherson International (formerly Motherson Sumi Systems) 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.
