E-PaperMssl News
Motherson Sumi shares fall 9% after board okays reorganization plan
The auto component major wants to reorganize the company to simplify group structure and to benefit shareholdersThe board has also approved the merger of the principal holding company of Motherson Group with MSSL
1 min read3 Jul 2020Motherson Sumi Systems to raise ₹500 cr by issuing NCDs
The said funds raised via NCDs are part of the company’s plan to raise ₹1,000 crore to secure liquidity through the covid-19 crisis for its operations, Laksh Vaaman Sehgal, vice chairman, Motherson Group and director at MSSL clarified
2 min read16 Apr 2020Motherson Sumi Systems Q2 net up 23.7% to Rs593.45 crore
Motherson Sumi Systems's gross sales during the Q2 were at Rs13,338.21 crore, up 30.59% compared to Rs10,213.79 crore in the corresponding quarter last fiscal
1 min read10 Nov 2017Motherson Sumi Systems Q4 net profit up 20% at Rs705.86 crore
Auto component maker Motherson Sumi Systems Ltd (MSSL) reports 20.20% increase in its consolidated net profit at Rs705.86 crore for the fourth quarter
1 min read19 May 2017Motherson Sumi offers to buy Finland’s PKC Group for Rs4,150 crore
Motherson Sumi will acquire Finland's PKC Group, a supplier of wire harness to auto firms, through a subsidiary
2 min read21 Jan 2017Motherson Sumi: Master of acquisitions
Albeit minuscule when compared with its 1.4 billion Peguform purchase, Motherson Sumi is confident the 36 million Scherer and Trier buy will soon add to consolidated profit
1 min read19 Dec 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared