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| Exchange Disseminated Time 22/06/2016 13:08:32 | Motherson Sumi Systems Ltd has informed BSE that:
"There have been media speculations on re-organization / restructuring being contemplated by Motherson Sumi Systems Limited (the Company).
In this context, we wish to inform that there are frequent requests/ suggestions from Investors to simplify the group structure and the Company does get many suggestions / alternatives from banks / advisors. We already have an empowered Committee of Directors since January 31, 2014 to evaluate amongst other things any reorganization/restructuring proposals. As and when any concrete viable proposal for restructuring of the Company would be evaluated and recommended by the Committee to the Board for consideration, the Company would make necessary disclosures to the stock exchanges as required under the SEBI Listing Regulations." |
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