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13 July 2020

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Motherson Sumi Systems Ltd (Auto Ancillaries)

Last Price 96.20
Net Changes -1.45
Volume 11770199
Prev Close 97.65
96.20 -1.45 (-1.48%)
Date: Jul 10,2020 EOD




Index Details Auto Ancillaries


Chart

Stock Price Details

Market Statistics

Open Price 97.4 Div Yield (%) 1.56
Buy (Size) 96.20(×619) Eps(Rs) 2.85
Sell (Size) 96.35(×124) Book Value (Stand.)(Rs) 19.77
Value 111952198 Book Value(conso.)(Rs) 35.6592081
Buy Quantity 619 Market Cap(Rs.Cr) 30363.54
Sell Quantity 124 Face Value(Rs) 1
Today's High 98.9 Market Lot 1
Today's Low 94.8 AGM Date Aug
52-Week High 151 Book Closure Date Aug
52-Week Low 48.5 ISIN No. INE775A01035

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 876905667 27.77
Indian (Promoter & Group) 1072380879 33.96
Total of Promoter 1949286546 61.73
Non Promoter (Institution) 917420383 29.05
Non Promoter (Non-Institution) 291227308 9.22
Total Non Promoter 1208647691 38.27
Total Promoter & Non Promoter 3157934237 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 3157934237 100.00

Company News

06-Jul-2020  Motherson Sumi Systems incorporates subsidiary Motherson Sumi...
Motherson Sumi Systems incorporates subsidiary Motherson Sumi Wiring India

Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India on 02 July 2020.
06-Jul-2020  Motherson Sumi Systems Ltd - Motherson Sumi Systems Limited -...
Motherson Sumi Systems Ltd - Motherson Sumi Systems Limited - Amendment to AOA/MOA

Motherson Sumi Systems Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
03-Jul-2020  Motherson Sumi tumbles on announcing new organizational restru...
Motherson Sumi tumbles on announcing new organizational restructuring

Shares of Motherson Sumi Systems (MSSL) slumped 6.32% to Rs 97.10. The stock hit a high of Rs 100.70 and a low of Rs 94.30 so far.

MSSL– India's largest automotive component manufacturer – on Tuesday (2 July) announced a new corporate structure, entailing 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 ('new company') and subsequent merger of Samvardhana Motherson International Limited (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.

To give effect to the proposed reorganization, the board of directors of MSSL approved the demerger of domestic wiring harness business of the company into a new company, which will eventually be listed, with mirror shareholding as that of the company. For every one share held in MSSL, one share of new company would be allotted.

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.

The transaction is to be effected pursuant to a composite scheme of amalgamation and arrangement and is subject to receipt of regulatory and other approvals as may be applicable. The transaction is likely to be completed by Q2FY22.

Vivek Chaand Sehgal, chairman, MSSL said, 'We are happy to receive approval from the Board of Directors for the Scheme. The simplification of group structure has been a long-standing request from our shareholders and the proposed reorganization is a step in that direction. The Transaction helps create strong business platforms under the Motherson umbrella which will enhance stakeholder value for the long term.'

Laksh Vaaman Sehgal, director, MSSL said, 'This Transaction provides MSSL shareholders with the opportunity to participate in 100% value of SMRP BV and also brings all auto related businesses under listed entities, which aligns interest of all stakeholders. It demonstrates our commitment towards taking actions that meet expectations of our stakeholders. The Transaction further strengthens our position as a leading, globally diversified and preferred auto component supplier that serves the world's most admired brands.'

The auto component maker reported 55.3% decline in consolidated net profit to Rs 183.38 crore on 12.1% fall in net sales to Rs 14870.32 crore in Q4 March 2020 over Q4 March 2019.

Motherson Sumi Systems is one of the world's leading specialised automotive component manufacturing companies for original equipment manufacturers. With a diverse global customer base of nearly all leading automobile manufacturers globally, the company has a presence in 41 countries across five continents.

03-Jul-2020  Board of Motherson Sumi Systems approves group reorganization...
Board of Motherson Sumi Systems approves group reorganization plan

The Board of Directors of Motherson Sumi Systems at its meeting held on 02 July 2020 has approved a group reorganization plan with the objective of creating value for the shareholders of MSSL.

The reorganization 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 reorganization plan approved by the respective boards of MSSL and Samvardhana Motherson International (SAMIL) among other things, entails 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.) and 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 aims to:

• Simplify Group structure and enable MSSL shareholders to benefit through 100% stake in SMRP BV

• Create separate independent entity for DWH business with focused approach on this business

• Align interest of all stakeholders by bringing all auto component and allied businesses in SAMIL under listed entity

• Create strong platforms for growth

To give effect to the proposed reorganization, the Board of Directors of MSSL in its meeting approved the following (“Transaction”):

Step 1: Demerger of DWH business of the Company 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

Step 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.

The Transaction is to be effected pursuant to a Composite Scheme of Amalgamation and Arrangement (“Scheme”) and is subject to receipt of regulatory and other approvals inter-alia approval from shareholders, creditors, NCLT etc. as may be applicable. The Transaction is likely to be completed by Q2FY22.

03-Jul-2020  Motherson Sumi Systems Ltd - Announcement under Regulation 30...
Motherson Sumi Systems Ltd - 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 Companys website.
03-Jul-2020  Motherson Sumi Systems Ltd - Announcement under Regulation 30...
Motherson Sumi Systems Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Motherson Sumi Systems Limited has informed the Exchange about Investor Presentation.
03-Jul-2020  Motherson Sumi Systems Ltd - Motherson Sumi Systems Limited -...
Motherson Sumi Systems Ltd - Motherson Sumi Systems Limited - Investor Presentation

Motherson Sumi Systems Limited has informed the Exchange about Investor Presentation
02-Jul-2020  Motherson Sumi Systems Ltd - Disclosure Under Regulation 30 Of...
Motherson Sumi Systems Ltd - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Regarding Approval Of Composite Scheme Of Amalgamation And Arrangement

Motherson Sumi Systems Limited submitted disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regarding approval of Composite Scheme of Amalgamation and Arrangement as approved by the Board of Directors at their meeting held on July 2, 2020.
02-Jul-2020  Motherson Sumi Systems Ltd - Announcement under Regulation 30...
Motherson Sumi Systems Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Motherson Sumi Systems Limited submitted Press Release dated July 2, 2020.
02-Jul-2020  Motherson Sumi Systems Ltd - Announcement under Regulation 30...
Motherson Sumi Systems Ltd - Announcement under Regulation 30 (LODR)-Investor Presentation

Motherson Sumi Systems Limited submitted Investor Presentation dated July 2, 2020.
Incorporation Year 1986 
Registered Office Unit 705 C Wing One BKC G Bloc,Bandra Kurla Complex Bandra Es,
,
Maharashtra-400051
Telephone 91-22-40555940 / 61354800 
Fax 91-22-40555940 / 61354801 
Chairman Vivek Chaand Sehgal
Managing Director NA
Company Secretary Alok Goel 
Auditor S R Batliboi & Co LLP 
Face Value(Rs)
Market Lot
Listing BSE,MSEI,NSE,Singapore 
Registrar KFin Techologies Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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