Motherson Board Approves INR 5000 Crore NCD Issue

Board grants in-principle approval for private placement of INR 5000 crore unsecured, listed Non-Convertible Debentures.
NCDs will have a face value of INR 1,00,000 each, issued in one or more tranches to eligible investors.
The debentures are proposed to be listed on BSE and/or NSE, with key terms to be finalized by a delegated committee.