NCLT Mumbai approved amalgamation of three wholly-owned subsidiaries into Samvardhana Motherson International. No consideration as all entities are wholly-owned; no change in listed entity shareholding.
SAMIL's subsidiary SMAST approved purchase of 50.1% stake in Rotary Connectors Private Limited at an enterprise value of ₹500.4 Crore. RCPL, a military-grade connector maker, will become an indirect subsidiary.
Samvardhana Motherson's subsidiary is acquiring an additional 0.15% stake in Shenzhen Autocruis Technology for CNY 3 million (USD 440,000), increasing total holding to 67.93%.
Samvardhana Motherson merged two Japanese subsidiaries to simplify its corporate structure. The move streamlines operations across entities with a combined ₹848.64 Crore turnover.
Samvardhana Motherson International Limited has completed the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited from Nissin Electric Co. Ltd, Japan. Following the transaction, Nissin India has become an indirect wholly-owned subsidiary of the company, strengthening its manufacturing footprint.
Samvardhana Motherson International Limited has completed the acquisition of a 51% stake in Nissin Advanced Coating Indo Co. Private Limited from Nissin Electric Co. Ltd, Japan. Following the transaction, Nissin India has become an indirect wholly-owned subsidiary of the company.