The key statement in the update was that the company’s net debt is now the lowest in eleven quarters. The company’s measures to enhance liquidity to tide over covid-19 disruptions have also gone down well with investors.

In a release to the exchanges, Motherson said its consolidated net debt as of March 2020 is ₹7,150 crore, lower than ₹7,991 crore in FY19 and ₹7,594 crore in FY18.

Of course, debt may rise again depending on how long the lockdowns continue. The board has given approval for raising ₹1,000 crore debt, if needed. “We are working closely with customers for realization of receivables

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United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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