Acquisitions30 Jun 2026, 07:21 pm
Samvardhana Motherson subsidiary acquisition completion delayed
AI Summary
Samvardhana Motherson International Limited has updated the stock exchange regarding the acquisition by its wholly-owned step-down subsidiary, MSSL Global RSA Module Engineering Limited. The acquisition of 49% equity share capital of Vacuform 2000 Proprietary Limited from its initial promoters was initially expected to complete by June 30, 2026. The company now anticipates the completion of this acquisition in the second quarter of the financial year 2026-2027, subject to the satisfactory fulfillment of all pre-acquisition conditions.
Key Highlights
- Acquisition of 49% stake in Vacuform 2000 Proprietary Limited by subsidiary.
- Original completion deadline was June 30, 2026.
- Expected completion now shifted to Q2 FY2026-2027.
- Subject to satisfaction of all conditions precedent.
Price Impact
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