MOTHERSON SUMI SYSTEMS LTD. - 517334 - Shareholding for the Period Ended June 30, 2020
Motherson Sumi Systems Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2020. For more details, kindly Click here13-07-2020
13-07-2020
Hold Motherson Sumi; target of Rs 105: ICICI Direct
ICICI Direct recommended hold rating on Motherson Sumi with a target price of Rs 105 in its research report dated July 03, 2020.06-07-2020
MOTHERSON SUMI SYSTEMS LTD. - 517334 - Intimation For Incorporation Of A Wholly Owned Subsidiary
Motherson Sumi Systems Limited ('the Company') informed that the Company has incorporated a wholly owned subsidiary namely, 'Motherson Sumi Wiring India Limited (MSWIL)' on July 2, 2020. In this respect, the Certificate of Incorporation dated July 3, 2020, issued by the Registrar of Companies, Maharashtra at Mumbai and other information in Annexure-1 are attached herewith.04-07-2020
MOTHERSON SUMI SYSTEMS LTD. - 517334 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
Disclosure under Regulation 30 of SEBI (LODR), 2015.04-07-2020
Motherson Sumi shareholders start voting on restructuring with their feet
The merger valuation is skewed towards the promoter entity, Samvardhan, which is valued at 45 times FY20 earnings, excluding SMRP earnings, say analysts from Antique Stock Broking03-07-2020
Buy Motherson Sumi Systems; target of Rs 116: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Motherson Sumi Systems has recommended buy rating on the stock with a target price of Rs 116 in its research report dated July 03, 2020.03-07-2020
MOTHERSON SUMI SYSTEMS LTD. - 517334 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Motherson Sumi Systems Limited has informed the Exchange about Investor Presentation.03-07-2020
MOTHERSON SUMI SYSTEMS LTD. - 517334 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Motherson Sumi Systems Limited informed the Exchange regarding Audio of the investor call been uploaded at the Company's website.03-07-2020
Management Call: Business Reorganization of Motherson Sumi
Conference Call with Management and Analysts on the restructuring of the Motherson Sumi company, and impact on shareholders and management. Listen to the full confcall transcript here.02-07-2020
Motherson Sumi board approves reorganization of its business
The Board of Directors of Motherson Sumi Systems (MSSL) at its meeting today approved a group reorganization plan, creating what the company said is "a simplified corporate structure for growth of businesses across product portfolios within auto components space and allied operations." The reorganization plan approved by the respective boards of MSSL and Samvardhana Motherson International Limited (“SAMIL”) among other things, entails the demerger of Domestic Wiring Harness (“DWH”) business from MSSL into a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL (New Co.). It also involves the subsequent merger of SAMIL into MSSL to consolidate 100% shareholding in Samvardhana Motherson Automotive Systems Group BV (“SMRP BV”) as well as to bring all auto component and allied businesses in SAMIL under MSSL. The proposed reorganization will according to management, simplify the group structure and enable "MSSL shareholders to benefit through 100% stake in SMRP BV". Chairman Vivek Chaand Sehgal said that this reorganization "has been a long-standing request from our shareholders" The process also creates a separate independent entity for the DWH business with focused approach on this business The Board of Directors officially approved 1) Demerger of DWH business of MSSL into New Co., which will eventually be listed, with mirror shareholding as that of the Company. For every 1 share held in MSSL, 1 share of New Co. would be allotted 2) The Board also approved the merger of SAMIL, the principal holding company of Motherson Group and promoter of MSSL, into MSSL. For every 10 shares held in SAMIL (of face value Rs. 10/- each), 51 shares of MSSL (of face value Re. 1/- each) would be allotted. MSSL will be renamed as Samvardhana Motherson International Limited02-07-2020