Equity Shares of Motherson Sumi Wiring India Limited to list on March 28, 2022

Effective from Monday, March 28, 2022, the equity shares of Motherson Sumi Wiring India Limited shall be listed and admitted to dealings on the Stock Exchanges in the list of T Group of Securities.

Pursuant to Demerger of the DWH Undertaking of Motherson Sumi Systems Limited and vesting of the same with Motherson Sumi Wiring India Limited, the company had allotted equity shares to the shareholders of Motherson Sumi Systems Limited in the ratio of 1 (One) fully paid up equity share of INR 1/- (Rupee One) each of Motherson Sumi Wiring India Limited for every 1 (One) fully paid equity share of INR 1/- (Rupee One) each held in Motherson Sumi Systems Limited on the Record Date. Shares held by Motherson Sumi Systems Limited and its nominees in Motherson Sumi Wiring India Limited shall stand cancelled.

Prior to the Scheme, the paid-up equity capital of Motherson Sumi Wiring India Limited was Rs. 5,00,000/- consisting of 5,00,000 equity shares of face value of Rs.1/- each which are held by Motherson Sumi Systems Limited and the same shall stand cancelled upon aforesaid demerger. After giving effect to the allotment of 3,15,79,34,237 equity shares of Rs. 1/- to the shareholders of Motherson Sumi Wiring India Limited and cancellation of 5,00,000 equity shares of Rs. 1/- each, the post arrangement paid up equity capital of Motherson Sumi Wiring India Limited is Rs. 3,15,79,34,237/- consisting of 3,15,79,34,237 Equity shares Rs.1/- each.

Source : Equity Bulls

Keywords

MothersonSumiWiringIndia Listing BSE NSE EquityShares WireHarnessing INE0FS801015 MSUMI