Samvardhana Motherson International Limited has submitted with exchange regarding approval of the Board of Directors for purchase of minority equity in its existing Joint Venture.
Awaiting price reaction for this filing.
On June 19, 2025, the Board of Samvardhana Motherson International Limited (SAMIL) approved buying the remaining 25% stake in two Turkey-based joint ventures — SMR Plast Met Molds And Tools Turkey and SMR Plast Met Automotive Tec Turkey — from their founder partner Mr. Erol Senol, who is exiting after more than 4 years. The acquisition will be done through SMR Automotive Mirrors Stuttgart GmbH (a wholly owned indirect subsidiary of SAMIL), potentially routed via MSAS Turkey, and is funded entirely through cash. The deal is valued at EUR 3.225 million for the 25% stake. Post-acquisition, both entities will become 100% wholly owned indirect subsidiaries under SAMIL's Vision Systems Division. Combined revenues of the two targets stood at EUR 27.3 million in FY2024-25, down from EUR 35.9 million in FY2022-23. The transaction is expected to close by Q2 FY2025-26 (September 30, 2025), subject to antitrust approval in Turkey.
The deal is small in financial size (EUR 3.225 mn) but gives SAMIL full operational control and 100% economic benefit of its Turkey-based moulding and lighting/mirror sub-assembly operations. It is a consolidation step with no open offer trigger and is unlikely to materially move the stock, though it simplifies the group structure.