Acquisitions30 Jun 2025, 07:34 pm
Samvardhana Motherson International Completes Acquisition of 14.29% Stake in Motherson Technology Services Kabushiki Gaisha
AI Summary
Samvardhana Motherson International Limited has completed the acquisition of 14.29% stake in Motherson Technology Services Kabushiki Gaisha (MTSKG) by Motherson Technology Service SG Pte Ltd. (MTS SG). MTS SG is a wholly owned stepdown subsidiary of Samvardha Motherson International Limited. The acquisition was announced on May 15, 2025, and was subject to satisfactory completion of conditions precedent on or before June 30, 2025. The Company has now completed the acquisition upon completion of agreed condition precedents, making MTSKG a wholly owned stepdown subsidiary.
Key Highlights
- Samvardhana Motherson International Limited has completed the acquisition of 14.29% stake in Motherson Technology Services Kabushiki Gaisha
- The acquisition was completed on June 30, 2025
- Motherson Technology Service SG Pte Ltd. is a wholly owned stepdown subsidiary of Samvardha Motherson International Limited
- The acquisition was subject to satisfactory completion of conditions precedent
- Motherson Technology Services Kabushiki Gaisha has now become a wholly owned stepdown subsidiary of the Company