Samvardhana Motherson Increases Stake in Shenzhen Autocruis
Samvardhana Motherson International Limited, through its indirect wholly owned subsidiary SMR Automotive (Langfang) Co., Ltd., has updated its acquisition of Shenzhen Autocruis Technology Co., Ltd. Following an initial primary capital increase of CNY 153.3 million (approx. USD 22.6 million) for a 64.76% stake, and a subsequent buy-back by the target company, SMR Langfang's stake was expected to reach 67.78%. An additional Share Purchase Agreement (SPA) was entered into on August 17, 2026, with RTVF Ventures Limited to acquire a further 0.15% stake for CNY 3 million (approx. USD 440,000). Upon completion of this secondary purchase, SMR Langfang's total shareholding in Shenzhen Autocruis will rise to 67.93%.
Key Highlights
- Acquisition of additional 0.15% stake in Shenzhen Autocruis.
- Total consideration for the secondary purchase is CNY 3 million.
- SMR Langfang's shareholding in target will increase to 67.93%.
- Update follows earlier primary capital increase and buy-back.
Price Impact
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