Samvardhana Motherson International Limited (SAMIL) has announced the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited from Nissin Electric Co. Ltd, Japan. This move will make the company an indirect wholly owned subsidiary of SAMIL. The deal, valued at INR 9.23 Crores, is expected to be finalized by the end of Q1 FY 2026-27, further consolidating the firm’s presence in the specialized thin film coating sector.
Strategic Business Consolidation
On April 27, 2026, the Board of Directors of SAMIL approved the acquisition of the remaining stake in Nissin Advanced Coating Indo Co. Private Limited. Prior to this, the entity operated as a joint venture between SAMIL’s subsidiary and Nissin Electric Co. Ltd. Following the completion of this transaction, SAMIL will control 100% of the equity share capital, with 51% held directly and 49% through its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions Limited.
About the Target Entity
Nissin Advanced Coating Indo specializes in thin film coating services and Physical Vapor Deposition (PVD) systems, which are essential for coating tools, molds, dies, automotive components, and decorative items. The business has demonstrated steady financial growth, reporting a turnover of INR 30.4 Crores and an EBITDA of INR 10.3 Crores for the financial year ending 2026.
Transaction Details and Outlook
The total purchase consideration for the 51% stake is set at INR 9.23 Crores, to be settled via a cash transaction. The company expects the acquisition process to reach completion by the end of June 2026. No further regulatory approvals are required for the transaction, allowing for a streamlined integration into the broader Samvardhana Motherson group, enhancing their specialized manufacturing capabilities.
Source: BSE
