Motherson Sumi trades for ex-domestic wiring harness biz, stock falls 9%

MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.

Shares of Motherson Sumi Systems (MSSL) tumbled 9 per cent to Rs 182.30 on the BSE in Friday’s intra-day trade as the stock traded fex-domestic wiring harness (DWH) business starting today. At 11:46 am; the stock was down 7 per cent at Rs 186.55, as compared to 0.50 per cent decline in the S&P BSE Sensex. The trading volume at the counter jumped over five-fold times with a combined  25.8 million equity shares changing hands on the NSE and BSE.

MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of domestic