Samvardhana Motherson International Limited (“Company”) is progressing with its acquisition of Yutaka Giken Co., Ltd. (“YGCL”). All necessary competition approvals from authorities in China, Brazil, Mexico, Japan, and the United States have been secured. The tender offer by MGI B.V. is expected to commence in early February 2026. MGI B.V. holds 81% stakes with voting rights in YGCL and 11% stake in Shinnichi Kogyo Co.
Acquisition Approval Status
Samvardhana Motherson International Limited is moving forward with its previously announced acquisition plans. The company has successfully secured all required competition approvals, which is a key step towards completing the acquisition.
Key Details of the Acquisition
The acquisition involves acquiring, through its indirect wholly owned subsidiary namely Motherson Global Investments B.V. (“MGI BV”), 81% stakes with voting rights in Yutaka Giken Co., Ltd. (“YGCL”) and 11% stake in Shinnichi Kogyo Co., Ltd. (“Shinnichi”). YGCL is listed on the Tokyo Stock Exchange. MGI B.V. proposes to commence the tender offer in early February 2026.
Timeline of Approvals
The necessary procedures and responses under the competition laws of China, Brazil, Mexico, Japan, and the United States were completed on the following dates:
- December 23, 2025
- December 31, 2025
- January 9, 2026
- January 16, 2026
- January 29, 2026
Source: BSE
