ALPHA TRIBE

Motherson Sumi Wiring India LimitedQIP/Rights/Pref., 21-07-2025: Allotment of Securities

21-07-2025 | 06:59 pm

Motherson Sumi Wiring (MSWIL) has allotted 221.05 Cr new equity shares as fully paid-up bonus shares to its shareholders. This follows the previously approved plan of 1 bonus share for every 2 existing shares. Consequently, the company's paid-up equity capital has increased from 442.11 Cr to 663.16 Cr. This move effectively increases the share count for existing investors without any cost to them, as no funds were raised. It reflects a capitalisation of reserves, a positive signal for shareholder value.

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