
Acquisitions30 Jun 2026, 07:30 pm
Samvardhana Motherson delays Yutaka Giken acquisition completion
AI Summary
Samvardhana Motherson International Limited has announced a revised timeline for the acquisition of an 81% stake in Yutaka Giken Co., Ltd. (YGCL) and an 11% stake in Shinnichi Kogyo Co., Ltd. (Shinnichi) by its indirect wholly owned subsidiary, Motherson Global Investments B.V. (MGI BV). The acquisition, initially expected to be completed in the first quarter of FY2026-2027, is now anticipated to conclude in the second quarter of FY2026-2027. This update is provided in accordance with Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. YGCL is a Japanese company listed on the Tokyo Stock Exchange, and Shinnichi is its subsidiary.
Key Highlights
- Acquisition completion timeline for Yutaka Giken extended.
- New expected completion by Q2 FY2026-2027.
- Disclosure made under SEBI (Listing Obligations and Disclosure Requirements) Regulations.
- Motherson Global Investments B.V. is the acquiring entity.
Price Impact
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