Acquisitions11 Mar 2026, 12:23 pm
Samvardhana Motherson International Acquires Major Stakes in Yutaka Giken Co. Ltd. and Shinnichi Kogyo Co. Ltd.
AI Summary
Samvardhana Motherson International Limited has updated on the acquisition of 81% stakes with voting rights in Yutaka Giken Co. Ltd. (YGCL) and 11% stake in Shinnichi Kogyo Co. Ltd. (Shinnichi). YGCL is a Japan-based company listed on Tokyo Stock Exchange and Shinnichi is its subsidiary with 62% ownership. The acquisition was announced in August 2025, and the Company has now entered into a Share Purchase Agreement (SPA) on March 10, 2026, for purchasing 100% of the issued and paid-up share capital of Yutaka Autoparts India Private Limited. The closing of the SPA will be intimated separately.
Key Highlights
- Samvardhana Motherson International Limited has acquired 81% stakes with voting rights in Yutaka Giken Co. Ltd. and 11% stake in Shinnichi Kogyo Co. Ltd.
- Yutaka Giken Co. Ltd. is a Japan-based company listed on Tokyo Stock Exchange and Shinnichi is its subsidiary.
- The acquisition was announced in August 2025, and the Company has now entered into a Share Purchase Agreement (SPA) on March 10, 2026.
- The SPA is for purchasing 100% of the issued and paid-up share capital of Yutaka Autoparts India Private Limited.
- The closing of the SPA will be intimated separately.