- July 5, 2024
- Posted by: legaleseblogger
- Category: Related News
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SAMIL Raises USD 350 mn through Issuance of Notes
The issue was oversubscribed six times with a peak order book in excess of USD 2.2 billion, it added.
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<span class="caption-text">The notes were issued by the step-down subsidiary, SMRC Automotive Holdings Netherlands BV (SAHN BV) backed by a corporate guarantee from Samvardhana Motherson International Ltd (SAMIL). </span>
Auto components maker Samvardhana Motherson International Ltd on Friday said it has raised USD 350 million (around Rs 2,920 crore) through the issuance of notes.
The notes were issued by the step-down subsidiary, SMRC Automotive Holdings Netherlands BV (SAHN BV) backed by a corporate guarantee from Samvardhana Motherson International Ltd (SAMIL), the company said in a statement.
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