Deal Street

June 05, 2020

Motherson Sumi Systems Limited raise funds under the guidance of Shardul Amarchand Mangaldas & Co.

[ by Legal Era News Network ]


Shardul Amarchand Mangaldas & Co. advised Motherson Sumi Systems Limited (“MSSL”) and Axis Bank Limited (as “Arranger”) in connection with funds raised by MSSL through its maiden issuance of 5000 listed, rated, secured, redeemable non-convertible debentures having a face value of INR 10,00,000 each. The deal is valued at Rs. 500,00,00,000. The date of closing was April 21, 2020.

Motherson Sumi Systems Limited is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India’s largest manufacturer of automotive wiring harnesses and mirrors for passenger cars.

The transaction team was led by Shilpa Mankar Ahluwalia, Partner; Akshita Agrawal, Senior Associate; Neeati Narayan, Associate and Vrinda Pareek, Associate.

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