Samvardhana Motherson International Limited announced the completion of its Tender Offer for Yutaka Giken Co., Ltd. (YGCL) via its subsidiary, MGI B.V. The offer successfully procured 1,408,867 common shares at JPY 3,024 per share. The settlement date for these tendered shares is set for March 17, 2026, marking a significant step in Motherson’s strategy to increase its stake in the Japanese automotive components supplier.
Completion of Tender Offer for YGCL Shares
Samvardhana Motherson International Limited provides an update on the acquisition of Yutaka Giken Co., Ltd. (“YGCL”). This process involves its indirect wholly owned subsidiary, Motherson Global Investments B.V. (“MGI BV”), which previously acquired 81% stakes in YGCL and an 11% stake in Shinnichi Kogyo Co., Ltd.
Following prior regulatory approvals across China, Brazil, Mexico, Japan, and the United States, MGI B.V. launched the Tender Offer on February 9, 2026, under the Financial Instruments and Exchange Act of Japan.
Final Results and Settlement Details
The Tender Offer officially concluded on March 10, 2026. MGI B.V. has confirmed the results, announcing that 1,408,867 common shares were tendered and will be purchased.
- Tender Offer Price: JPY 3,024 per common share of YGCL.
- Settlement Date: March 17, 2026.
This action is a crucial component of the overall transaction sequence aimed at strengthening Motherson’s control over YGCL, a company listed on the Tokyo Stock Exchange.
Source: BSE
