To start tender offer for Yutaka Giken, arm in Feb - Samvardhana Motherson
This story was originally published at 22:30 IST on 30 January 2026
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--Samvardhana Motherson: Arm to start tender offer for Yutaka Giken in Feb
MUMBAI – Samvardhana Motherson International Ltd. Friday said its wholly-owned subsidiary Motherson Global Investment Ltd. will commence tender offer for acquisition of stake in Japanese company Yutaka Giken Co., Ltd. and its subsidiary Shinnichi Kogyo Co. Ltd. in early February. The company in August had said its arm would acquire an 81% stake in Yutaka Giken and an 11% stake in Shinnichi Kogyo.
Yutaka Giken is listed on the Tokyo Stock Exchange. Shinnichi Kogyo is a subsidiary of Yutaka Giken, wherein the latter owns a 62% stake. To complete the acquisition, Samvardhana Motherson's arm got requisite approvals from authorities in China, Brazil, Mexico, Japan, and the US between Dec. 23 and Thursday.
Samvardhana Motherson acquired the companies for a cash consideration of 27 billion yen, which in August was valued at $184 million or 148 yen to a dollar.
The deal will be completed by the June quarter this year, it had said in August. Getting anti-trust and other regulatory approvals is the first step in completing this acquisition, followed by launching of the tender offer. The company then has to complete the tender offer after 20 days from tender offer date, among other steps.
Yutaka Giken and Shinnichi are engaged in production of metal components and assemblies including rotors and stator assemblies for motors, drive systems, brake systems and thermal management system.
For the September quarter, Samvardhana Motherson had reported consolidated net profit of INR 8.27 billion on revenue of INR 301.73 billion. Friday, its shares closed 0.9% lower on the National Stock Exchange at INR 112.90. End
US$1 = INR 91.98
Reported by Anand JC
Edited by Akul Nishant Akhoury
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