Company Profile

Motherson Sumi Systems has upsized its maiden unsecured three-year NCD issue to Rs 2,130 crore. The original issue size was Rs 1,500 crore, which was upsized using the greenshoe option on the back of overwhelming investor demand. Overall, 24 investors (including 23 qualified institutional buyers) have invested in the non-convertible debentures. The proceeds from the issue will be used to pre-pay debt, which will help strengthen the balance sheet and reduce interest cost.

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. 112.80, up by 1.15 points or 1.03% from its previous closing of Rs. 111.65 on the BSE.

The scrip opened at Rs. 112.95 and has touched a high and low of Rs. 113.30 and Rs. 110.95 respectively. So far 141743 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. 115.50 and Rs. 108.70 respectively. The current market cap of the company is Rs. 35495.18 crore.

The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 28.99% and 9.28% respectively.

Motherson Sumi Systems has upsized its maiden unsecured three-year NCD issue to Rs 2,130 crore. The original issue size was Rs 1,500 crore, which was upsized using the greenshoe option on the back of overwhelming investor demand. Overall, 24 investors (including 23 qualified institutional buyers) have invested in the non-convertible debentures. The proceeds from the issue will be used to pre-pay debt, which will help strengthen the balance sheet and reduce interest cost.

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 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.

In furtherance to its  letter dated September 3, 2020, Motherson Sumi Systems has informed that the Committee of Directors (Fund Raising) of the Board of Directors of the Company in its meeting held today September 8, 2020, has approved the issuance of Rated, Un-Secured, Listed, Redeemable Non-Convertible Debentures (NCDs), with an aggregate amount up to INR 1500,00,00,000 which may be increased upto INR 3000,00,00,000  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 as per the details mentioned in Annexure-A. The above is submitted pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the information and record. The meeting of the Committee of Directors (Fund Raising) of the Board of Directors of the Company commenced at 0900 hours and concluded at 0930 hours.

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

Motherson Sumi Systems is currently trading at Rs. 114.15, up by 0.20 points or 0.18% from its previous closing of Rs. 113.95 on the BSE.

The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 114.65 and Rs. 112.40 respectively. So far 89429 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. 119.50 and Rs. 111.00 respectively. The current market cap of the company is Rs. 36000.45 crore.

The promoters holding in the company stood at 61.73%, while Institutions and Non-Institutions held 28.99% and 9.28% respectively.

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.