Company Profile

MOTHERSON SUMI SYSTEMS LTD.

NSE : MOTHERSUMIBSE : 517334ISIN CODE : INE775A01035Industry : Auto AncillaryHouse : Sumi Motherson
BSE99.901.8 (+1.83 % )
PREV CLOSE (Rs.) 98.10
OPEN PRICE (Rs.) 99.00
BID PRICE (QTY) 99.95 (128 )
OFFER PRICE (QTY) 100.00 (1125 )
VOLUME 1139396
TODAY'S LOW / HIGH (Rs.)98.05 101.80
52 WK LOW / HIGH (Rs.)48.5 151
NSE99.80 1.7 (+1.73 % )
PREV CLOSE(Rs.) 98.10
OPEN PRICE (Rs.) 99.00
BID PRICE (QTY) 99.75 (506 )
OFFER PRICE (QTY) 99.80 (7890 )
VOLUME 18658534
TODAY'S LOW / HIGH(Rs.) 98.00 101.85
52 WK LOW / HIGH (Rs.)48.65 151

Company News

Date Heading Details
06-Jul-2020 Motherson Sumi Systems incorporates wholly owned subsidiary <p align="justify">Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness. MSWIL will be the transferee entity into which the Domestic Wiring Harness business of the company will be transferred pursuant to the Scheme of Arrangement and Amalgamation approved by the Board of Directors of the company on July 2, 2020.</p><p align="justify">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.<br></p>
06-Jul-2020 Motherson Sumi Systems surges on incorporating wholly owned subsidiary <p align="justify">Motherson Sumi Systems is currently trading at Rs. 100.90, up by 2.80 points or 2.85% from its previous closing of Rs. 98.10 on the BSE.</p><p align="justify">The scrip opened at Rs. 99.00 and has touched a high and low of Rs. 101.80 and Rs. 98.05 respectively. So far 56318 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 151.00 on 09-Jan-2020 and a 52 week low of Rs. 48.50 on 24-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 104.20 and Rs. 92.70 respectively. The current market cap of the company is Rs. 30979.33 crore.</p><p align="justify">The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 29.05% and 9.22% respectively.</p><p align="justify">Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness. MSWIL will be the transferee entity into which the Domestic Wiring Harness business of the company will be transferred pursuant to the Scheme of Arrangement and Amalgamation approved by the Board of Directors of the company on July 2, 2020.</p><p align="justify">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.<br></p>
06-Jul-2020 NLC India, AstraZeneca Pharma and Reliance Industries to see some action today <p align="justify"><strong>NLC India</strong> has signed a pact with state-owned Coal India (CIL) to form a joint venture (JV) to develop 5,000 megawatts of solar and thermal power assets across the country. The equity participation in the proposed JV between CIL and NLC India will be in the ratio of 50:50. This JV company marks a new era in the power sector with the synergy and expertise of two central public sector undertakings under the Ministry of Coal.</p><p align="justify"><strong>AstraZeneca Pharma</strong> <strong>India</strong> has received Import and Market permission in Form CT-20 (Marketing Authorization- Additional Indication) from the Drugs Controller General of India (DCGI) for Dapagliflozin film coated tablet 10mg. Dapagliflozin film coated tablet 10mg is additional indication in adults for the treatment of heart failure with reduced ejection fraction. The receipt of this Import and Market permission paves way for launch of Dapagliflozin film coated tablet 10mg in India, subject to the receipt of related statutory approvals and licenses.</p><p align="justify"><strong>Reliance Industries</strong> (RIL) is planning to increase its network of aviation fuel stations by 50 percent as it looks to capture greater market share in the business currently controlled by public sector oil retailing firms. The company, which operates the world's largest single location oil refining complex, plans to capture this opportunity through increased presence at airports to refuel airplanes.&nbsp; </p><p align="justify"><strong>RITES</strong> has renewed Memorandum of Understanding (MoU) with Coal India (a Government of India Enterprise) on July 03, 2020 for Project Management Consultancy Services of Rail Infrastructure business, and construction of rapid loading system, coal handling plants and silos. This MOU has been renewed for a period of five years. While in the past, such MOU enabled RITES to achieve a fee income of around Rs 100 crore per year, the company is expecting increase in it due to additional scope and several projects expected in the pipeline.</p><p align="justify"><strong>Motherson Sumi Systems</strong> has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness. MSWIL will be the transferee entity into which the Domestic Wiring Harness business of the company will be transferred pursuant to the Scheme of Arrangement and Amalgamation approved by the Board of Directors of the company on July 2, 2020.</p><p align="justify"><strong>ICICI Bank</strong> is planning to raise funds by issue of equity shares and/or other equity linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof. A meeting of the Board of Directors of the Bank will be held on July 8, 2020, to discuss and consider the same. </p><p align="justify"><strong>Crest Ventures</strong> has acquired 11,55,133 equity shares representing approximately 10% stake&nbsp; in CMS IT Services at a total consideration of Rs. 6,47,33,653. CMS IT provides complete solutions to large corporations across all sectors, including banking, insurance, retail, telecom and manufacturing.</p><p align="justify"><strong>Indiabulls Housing Finance</strong> has raised Rs 150 crore through Secured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 1,500 NCDs having face value Rs 10 lakh each on a private placement basis. These NCDs have been subscribed by a large Indian public sector bank. Date of Maturity of above said NCDs will be January 03, 2022.<br></p>
03-Jul-2020 Motherson Sumi Systems approves Group Reorganization Plan <p align="justify">Motherson Sumi Systems' (MSSL) Board has approved a Group reorganization plan with the objective of creating value for the shareholders. According to the company, the reorganisation realigns interests of all its stakeholders and creates a simplified corporate structure for growth of businesses across product portfolios within auto components space and allied operations. The reorganisation plan was approved by the boards of MSSL and Samvardhana Motherson International. The meeting of Board of directors of the company held on July 02, 2020.</p><p align="justify">Among other things, it entails demerger of Domestic Wiring Harness business from MSSL into a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL and subsequent merger of SAMIL into MSSL to consolidate 100% shareholding in Samvardhana Motherson Automotive Systems Group BV as well as to bring all auto component an d allied businesses in SAMIL under MSSL.<br></p><p align="justify">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.<br></p>
03-Jul-2020 Motherson Sumi Systems informs about investor meet <p align="justify">With reference to its letter dated July 2, 2020, Motherson Sumi Systems has informed that in respect of conference call with the Investor on the reorganization of business of the Company. Audio of the conference call has been uploaded at the Company's website www.motherson.com under the section ‘Investor Section / Analyst Call Transcripts'.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
30-Apr-2020 Motherson Sumi Systems resumes operation over 80 plants across world <p align="justify">Motherson Sumi Systems has resumed the operation at more than 80 out of 152 manufacturing facilities across the world. While 30% of them are now running at more than 80% capacities, rest of them are now running at up to 50% capacities and slowly and steadily gearing up. It has obtained necessary approvals from the concerned authorities in respective regions in relation with the plant operations.<p align="justify">Additionally, rest of the plants are being prepared to be in ready state as per Post-Covid requirements and once the permissions are obtained, these plants too will start operating. <p align="justify">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.</p>
22-Apr-2020 Motherson Sumi Systems raises Rs 500 crore via NCDs <p align="justify">Motherson Sumi Systems has raised Rs 500 crore via NCDs on private placement basis and its board has allotted 5,000 Rated Listed Secured Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each. The said NCDs will be listed on the Wholesale Debt Market segment of BSE. The Committee of Directors (Administrative Matters) of the Board of Directors of the company on April 21, 2020 has allotted the same. </p><p align="justify">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. </p><p align="justify"><br></p>
22-Apr-2020 Motherson Sumi Systems shines on raising Rs 500 crore via NCDs <p align="justify">Motherson Sumi Systems is currently trading at Rs. 73.40, up by 1.45 points or 2.02% from its previous closing of Rs. 71.95 on the BSE.</p><p align="justify">The scrip opened at Rs. 72.80 and has touched a high and low of Rs. 72.80 and Rs. 70.50 respectively. So far 47449 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 154.70&nbsp; on 23-Apr-2019 and a 52 week low of Rs. 48.50 on 24-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 90.80 and Rs. 70.50 respectively. The current market cap of the company is Rs. 22721.34 crore.</p><p align="justify">The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 28.96% and 9.32% respectively.</p><p align="justify">Motherson Sumi Systems has raised Rs 500 crore via NCDs on private placement basis and its board has allotted 5,000 Rated Listed Secured Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each. The said NCDs will be listed on the Wholesale Debt Market segment of BSE. The Committee of Directors (Administrative Matters) of the Board of Directors of the company on April 21, 2020 has allotted the same. </p><p align="justify">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.</p><p align="justify"><br></p>
22-Apr-2020 Reliance Industries, Federal Bank and Dilip Buildcon to see some action today <p align="justify"><strong>Reliance Industries'</strong> wholly-owned subsidiary--Jio Platforms and Facebook, Inc. have signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook's investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis.</p><p align="justify"><strong>Federal Bank's</strong> board has given in-principle approval to acquire additional stake of up to 4% in the equity capital of IDBI Federal Life Insurance Company (IFLIC) from the IDBI Bank. The bank currently holds a 26% stake in the insurance company. Post purchase, its total stake may increase up to 30 percent.</p><p align="justify"><strong>Dilip Buildcon</strong> has resumed construction activities at its Project Sites including EPC and HAM Projects with effect from April 20, 2020, to the extent possible, in terms of the Government of India, Ministry of Home Affairs order dated April 15, 2020 and the orders of local administrations.</p><p align="justify"><strong>Jyothy Labs</strong> has launched its Hand Sanitizer under the brand name Margo. The launch comes after its recent foray into the hand wash segment under the same brand.</p><p align="justify"><strong>Motherson Sumi Systems'</strong> board has allotted 5,000 Rated Listed Secured Redeemable Non-Convertible Debentures having face value of Rs 10,00,000 each for cash aggregating to Rs 500 crore on private placement basis. The said NCDs will be listed on the Wholesale Debt Market segment of BSE. The Committee of Directors (Administrative Matters) of the Board of Directors of the company on April 21, 2020 has allotted the same. </p><p align="justify"><strong>Tata Consultancy Services</strong> (TCS) has partnered with the Telangana State Council of Higher Education (TSCHE), a statutory body of the Government of Telangana State, to prepare college students in the state for future job readiness. Under this partnership, a rich set of curated courseware, accessible through the TCS iON Digital Learning Hub, will be made available free of cost to 4 lakh students, across 1500 institutions of higher education in the state of Telangana, effective this academic year.</p><p align="justify"><strong>Thomas Cook</strong> (India) has reopened the specific branches which are located at Phagwara - Punjab, Dehradun - Uttaranchal, Kottayam - Kerala, Thrissur - Kerala and Palarivattom - Kerala for the purpose of MTSS resumption of Inward Remittance Services with effect from April 21, 2020. <br></p>
16-Apr-2020 Motherson Sumi Systems gets nod to raise Rs 500 crore via NCDs <div align="justify">Motherson Sumi Systems' Board has approved the issuance of Listed, Secured, Redeemable, Non-convertible Debentures (NCDs), with an aggregate amount up to Rs 500 crore on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs. The proposed NCD's to be listed on BSE.</div><div align="justify"><br></div><div align="justify">The Committee of Directors (Administrative Matters) of the Board of Directors of the Company in its meeting held on April 16, 2020, has approved the same.<br><br></div><div align="justify">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.<br><br></div>