SAMIL subsidiary to acquire remaining 49% of Vacuform for ₹253 Mn, achieving 100% ownership
Samvardhana Motherson International Limited (SAMIL), through its 100% step-down subsidiary MSSL Global RSA Module Engineering Limited, will acquire the remaining 49% equity share capital of Vacuform 2000 Proprietary Limited for a cash consideration of ZAR 45.18 million (approximately ₹253 million). This acquisition will result in Vacuform becoming an indirect wholly-owned subsidiary of SAMIL, with SAMIL holding 100% via its subsidiaries. Vacuform, based in South Africa, manufactures vacuum forming and blow moulded parts for automotive customers and reported a turnover of ₹1145.64 million for FY26. The move aims to gain full strategic and operational control of Vacuform and is expected to close by June 30, 2026, subject to regulatory approvals.
Key Highlights
- SAMIL's subsidiary to acquire remaining 49% stake in Vacuform.
- Total cash consideration for 49% stake is approx. ₹253 million.
- Post-acquisition, Vacuform will become a 100% indirect subsidiary.
- Acquisition provides full strategic and operational control.
- Vacuform manufactures automotive parts; FY26 turnover ₹1145.64 Mn.