Samvardhana Motherson inches up on raising Rs 600 crore via NCDs
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Samvardhana Motherson International is currently trading at Rs. 73.45, up by 0.15 points or 0.20% from its previous closing of Rs. 73.30 on the BSE.
The scrip opened at Rs. 73.65 and has touched a high and low of Rs. 73.80 and Rs. 73.25 respectively. So far 27518 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.06 on 24-Jan-2022 and a 52 week low of Rs. 61.85 on 25-Oct-2022.
Last one week high and low of the scrip stood at Rs. 74.65 and Rs. 72.45 respectively. The current market cap of the company is Rs. 49671.17 crore.
The promoters holding in the company stood at 68.16%, while Institutions and Non-Institutions held 20.26% and 11.58% respectively.
Samvardhana Motherson International has raised Rs 600 crore through the allotment of 60,000 Unsecured, Rated, Listed, Redeemable, Non- Convertible Debentures (NCDs) having face value of Rs 1,00,000 each for cash on private placement basis. The said NCDs will be listed on the Wholesale Debt Market segment of BSE and National Stock Exchange of India. The Board of Directors of the Company has allotted the same.
Samvardhana Motherson International (formerly Motherson Sumi Systems) 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.
