Samvardhana Motherson International has raised Rs 1500 crore through allotment of 1,50,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each on private placement basis on October 4, 2023. The said NCDs will be listed on the Wholesale Debt Market segment of BSE.
Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.
