Acquisitions15 May 2025, 08:32 pm
Samvardhana Motherson International Acquires 14.29% Stake in Motherson Technology Services Kabushiki Gaisha for USD 27.39k
AI Summary
Samvardhana Motherson International Limited has announced the acquisition of 14.29% stake in Motherson Technology Services Kabushiki Gaisha, a step-down subsidiary, for a cash consideration of USD 27.39k. The acquisition is part of the company's strategy to streamline its holding structure and increase its beneficial interest in MTSKG from 85.71% to 100%. MTSKG, incorporated in 2013, is engaged in software design and services and has a reported net sales of USD 1.65 Mn in FY 2023-2024. The transaction is expected to be completed by Q1FY’26.
Key Highlights
- Samvardhana Motherson International to acquire 14.29% stake in Motherson Technology Services Kabushiki Gaisha
- Transaction value is USD 27.39k
- Acquisition aimed at streamlining holding structure
- MTSKG engaged in software design and services
- Transaction expected to be completed by Q1FY’26