Motherson Sumi raises Rs1,993 crore via QIP issue
For the QIP, Motherson Sumi raised 62,884,827 shares to qualified institutional buyers at an issue price of `317 after giving a discount of 2.79%17-09-2016
17-09-2016
Motherson Sumi Systems Limited ("MSSL") announces successful completion of raising of funds amounting to Rs. 19,934.49 million by way of qualified institutional placement ("QIP") issue
Motherson Sumi Systems Ltd vide its letter dated September 16, 2016 has informed BSE regarding a Press Release titled "Motherson Sumi Systems Limited ("MSSL") announces successful completion of raising of funds amounting to Rs. 19,934.49 million by way of qualified institutional placement ("QIP") issue".17-09-2016
Qualified Institutional Placement
Motherson Sumi Systems Ltd has informed BSE that in respect of the QIP Offering, the Board of Directors of the Company at its meeting held on September 16, 2016, approved the issue and allotment of 62,884,827 Equity Shares to qualified institutional buyers at the issue price of Rs. 317/- per Equity Share, (including a premium of Rs. 316/- per Equity Share), constituting a discount of 2.79% to the floor price of Rs. 326.10 per share aggregating to Rs. 19,934,490,159/-.17-09-2016
Updates on QIP
Motherson Sumi Systems Ltd has informed BSE regarding Addendum to the Placement Document dated September 13, 2016 in relation to the Qualified Institutions Placement.15-09-2016
Motherson Sumi closes bid for Rs 1,993-cr QIP fund-raising
Auto component major Motherson Sumi Systems today said it has closed the bid for the Rs 1,993.5-crore fund-raising through qualified institutional placement after fixing the issue price at Rs 317 per...14-09-2016
Outcome of Board Meeting
Motherson Sumi Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 13, 2016, inter alia, has approved the following:1. Closure of the bid September 13, 2016;2. The Placement Document via resolution passed by the Board of the Company and other incidental activities on the subject matter;...14-09-2016
Motherson Sumi to raise over Rs560 crore via equity issue
Motherson Sumi Systems' board approved the issue and allotment of 17,762,460 shares of face value of Rs1 to Japan's Sumitomo Wiring Systems12-09-2016
Outcome of Board Meeting
Motherson Sumi Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 12, 2016, have considered and approved the issue and allotment of 17,762,460 equity shares of face value of Re. 1/- (the "Equity Shares") of the Company to Sumitomo Wiring Systems Limited, Japan at the issue price of Rs. 317/- per Equity Share (including premium of Rs. 316/- per share) on a preferential basis.12-09-2016
Motherson Sumi plans to raise $300 mn from share sale
Motherson Sumi has boosted the size of the sale from the base offering of $250 million, after receiving orders for nearly 1.5 times the amount of stock available10-09-2016
Outcome of Securities Committee Meeting
Motherson Sumi Systems Ltd has informed BSE regarding Outcome of Securities Committee Meeting held on September 08, 2016.09-09-2016