Motherson Sumi Systems Ltd approves issue of 17762460 shares

The Board of Directors of Motherson Sumi Systems Ltd 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.

Shares of MOTHERSON SUMI SYSTEMS LTD. was last trading in BSE at Rs.313.55 as compared to the previous close of Rs. 329.15. The total number of shares traded during the day was 455397 in over 6064 trades.

The stock hit an intraday high of Rs. 327.7 and intraday low of 308.9. The net turnover during the day was Rs. 143941087.

Source : Equity Bulls

Keywords