The company said it has been rationalizing costs, controlling non-critical business investments and optimising working capital to conserve cash flows across its global footprints Mumbai: Motherson Sumi Systems Ltd (MSSL), a leading auto components supplier, said that its board of directors has given an approval to raise up to ₹1,000 crore to secure liquidity while dealing with the global coronavirus pandemic.
The company said that its board has delegated the responsibility to the committee of directors who would evaluate various borrowing proposals to raise the required funding. “To further enhance liquidity in these uncertain times, the board of directors has accorded in-principle approval to raise up to ₹10 billion and delegated its