Motherson Sumi Systems gets nod to raise funds through NCDs
8th Sep 2020

Motherson Sumi Systems has received approval for issuance of Rated, Un-Secured, Listed, Redeemable Non-Convertible Debentures (NCDs), with an aggregate amount up to Rs 1500 crore, which may be increased upto Rs 3000 crore in the event option to retain oversubscription by way of greenshoe option is exercised, on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under applicable laws.

The Board of Directors of the Company in its meeting held on September 8, 2020, has approved the same.

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.