Shares of Samvardhana Motherson International rose by 2.5% on Tuesday, March 17, after the company provided an update regarding its acquisition strategy aimed at enhancing its international presence.
Through its indirectly owned subsidiary Motherson Global Investments BV, the company is in the process of acquiring an 81% stake with voting rights in Yutaka Giken Co, along with an 11% stake in Shinnichi Kogyo Co Ltd.
As part of the transaction framework, a crucial step involved the acquisition of complete ownership in Yutaka Autoparts India Private Limited (YAIPL). The company had previously signed a Share Purchase Agreement (SPA) on March 11, 2026, and has now successfully finalized the transaction on March 16, 2026, after meeting all required conditions.
With the completion of this process, YAIPL has become a fully owned subsidiary of the company, representing an important advancement in strengthening its position in global automotive component markets, said the company in an exchange filing.
