Divestment24 Sept 2026, 10:02 pm
Samvardhana Motherson Sells Entire Stake in AES India JV
AI Summary
Samvardhana Motherson International Limited (SAMIL) has completed the sale of its entire shareholding in AES (India) Engineering Limited (AES India), a joint venture with T-NET JAPAN Co., Ltd. The transaction involved SAMIL's wholly-owned subsidiary, Samvardhana Motherson Innovative Solutions Limited (SMISL), selling its 26% stake in AES India to T-NET JAPAN and its nominees. AES India provides EPC services for various manufacturing industries. This divestment was approved by the board of AES India on September 24, 2026, and has now been completed.
Key Highlights
- SAMIL divests its 26% stake in the AES India joint venture.
- The sale was executed by its wholly-owned subsidiary SMISL.
- The transaction was completed on September 24, 2026.
- AES India is engaged in EPC services for manufacturing sectors.
Price Impact
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