Company Profile

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.

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.

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.

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.

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.

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.

The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 29.05% and 9.22% respectively.

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.

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.

NLC India 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.

AstraZeneca Pharma India 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.

Reliance Industries (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. 

RITES 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.

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.

ICICI Bank 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.

Crest Ventures has acquired 11,55,133 equity shares representing approximately 10% stake  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.

Indiabulls Housing Finance 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.

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.

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.

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.

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’.

The above information is a part of company’s filings submitted to BSE.