Acquisitions30 Apr 2026, 06:33 pm
Samvardhana Motherson completes 51% stake acquisition in Nissin India
AI Summary
Samvardhana Motherson International Limited has completed the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited from Nissin Electric Co. Ltd, Japan. This transaction, initially disclosed on April 27, 2026, was finalized on April 30, 2026, after fulfilling all conditions precedent. Post-completion, Nissin India has become an indirect wholly-owned subsidiary of Samvardhana Motherson International Limited, enhancing the company's operational scope and market presence.
Key Highlights
- Samvardhana Motherson completed 51% stake acquisition.
- Acquired stake in Nissin Advanced Coating Indo Co. Private Limited.
- Nissin India is now an indirect wholly-owned subsidiary.
- Transaction finalized on April 30, 2026.
- Strengthens company's market position and operational footprint.