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The board of directors of Motherson Sumi Systems on Thursday approved a proposal of reorganisation of business within the group. Accordingly, it will demerge the domestic wiring harness business into a newly-formed entity with mirror shareholding, which would be listed later. The reorganisation is a long-standing request of its joint venture partner Sumitomo Wiring Systems, Japan, to focus only on wiring harness business in India, which is its core area of interest.
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