Samvardhana Motherson International Completes Acquisition of Yutaka Giken Shares
Samvardhana Motherson International Limited announced the completion of a tender offer for shares of Yutaka Giken Co., Ltd. (YGCL) on March 17, 2026. The acquisition, initiated through the company’s indirect wholly-owned subsidiary Motherson Global Investments B.V. (MGI BV), involved the acquisition of 1,408,867 common shares of YGCL at a tender offer price of JPY 3,024 per share.The acquisition represents 9.51% of the issued share capital of YGCL. MGI BV previously announced the commencement of the tender offer on February 9, 2026, as part of a series of transactions to acquire shares in YGCL. The tender offer was completed on March 10, 2026.As...