Motherson Sumi Systems to spin off Domestic Wiring Harness business into new entity

Corporate developments

Company’s board approves group reorganization plan

The Board of Directors of Motherson Sumi Systems Limited (MSSL) approved 2 July a draft composite scheme of amalgamation and arrangement among MSSL, a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL (resulting company), and Samvardhana Motherson International Limited (SAMIL) and their respective shareholders and creditors.

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