Samvardhana Motherson International Limited (SMIL) announced that its indirect subsidiary, MGI B.V., has successfully concluded the tender offer for common shares of Yutaka Giken Co., Ltd. (YGCL). MGI B.V. acquired 1,408,867 shares at JPY 3,024 per share on March 17, 2026, representing 9.51% of YGCL’s issued share capital. This action follows previous stake acquisitions that brought the total holding in the Japanese firm to 81%.
Completion of Yutaka Giken Tender Offer
Samvardhana Motherson International Limited provided an update regarding the acquisition process for Yutaka Giken Co., Ltd. (“YGCL”), a Japanese listed company in which the Company, through its indirect wholly owned subsidiary Motherson Global Investments B.V. (“MGI BV”), already held 81% stakes in YGCL and 11% in its subsidiary Shinnichi Kogyo Co., Ltd. This update confirms the conclusion of the mandatory Tender Offer initiated on February 9, 2026.
Acquisition Details and Settlement
The Company confirmed that the Tender Offer, which concluded on March 10, 2026, resulted in the tendering and purchase of 1,408,867 common shares. The settlement for this transaction occurred on March 17, 2026. MGI B.V. purchased these shares at the specified tender offer price of JPY 3,024 per common share.
Impact on Shareholding
The acquisition of 1,408,867 shares represents an additional 9.51% stake in YGCL’s issued share capital. Following this final step of the tender offer, MGI B.V. has submitted the required large shareholding report to the Kanto Local Finance Bureau in Japan, completing the mandated disclosures for this significant transaction.
Source: BSE
