The company's board, which met today, has approved the issue and allotment of 17,762,460 shares of face value of Re 1 of the company to Sumitomo Wiring Systems, Japan at the issue price of Rs 317 per share on a preferential basis, Motherson Sumi Systems said in a regulatory filing.
Shares of the company today ended at Rs 313.55 apiece on the BSE, down 4.74 per cent from previous close.
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