Samvardhana Motherson International Limited has submitted with the Stock Exchange regarding update on acquisition.
MOTHERSON · price
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Awaiting price reaction for this filing.
Samvardhana Motherson, through its indirect wholly-owned Dutch subsidiary Motherson Global Investments B.V. (MGI BV), has completed the tender offer to acquire an 81% stake in Tokyo Stock Exchange-listed Yutaka Giken Co., Ltd. (YGCL) and an 11% stake in its subsidiary Shinnichi Kogyo Co., Ltd. The tender offer closed on March 10, 2026, with results announced on March 11, 2026. A total of 1,408,867 common shares were tendered at JPY 3,024 per share, with settlement scheduled for March 17, 2026. The company had received competition law clearances from China, Brazil, Mexico, Japan, and the United States prior to launching the offer. This marks a key milestone in the acquisition first disclosed on August 29, 2025.
Positive for shareholders — the successful completion of the tender offer moves Motherson closer to consolidating YGCL, a listed Japanese auto-components firm, strengthening its global footprint. Final share purchase and settlement on March 17, 2026 will be the next trigger to watch.