India’s Motherson Sumi board to mull Rs. 5 billion debenture issue

By Sarah Lizee

Olympia, Wash., April 13 – Motherson Sumi Systems Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider a proposal to raise up to Rs. 5 billion of secured redeemable nonconvertible debentures.

The debentures would be issued in one or more tranches.

Motherson Sumi is a Noida, India, maker of automotive wiring harnesses.

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