Motherson Sumi to invest $80 mln in acquired biz

Newswire

NEW DELHI, March 16 (Reuters) - Motherson Sumi Group will invest $80 million into the recently acquired rearview mirror business over one year, using the money for restructuring, tooling and for working capital requirements, an official said on Monday. Motherson Sumi Systems Ltd will invest $15 million, while $50 million will be raised in debt by Visiocorp, Laksh Vaaman Sehgal, chief executive officer, Samvardhana Motherson Visiocorp Solutions Ltd told reporters.

The balance $15 ...

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