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 previously disclosed on August 29, 2025, MGI BV acquired 81% of the stakes with voting rights in YGCL and 11% stake in Shinnichi Kogyo Co., Ltd., a subsidiary of YGCL. Regulatory approvals and procedures, including responses under competition laws in China, Brazil, Mexico, Japan, and the United States, were required to facilitate the acquisition.
MGI BV has submitted a large shareholding report to the Kanto Local Finance Bureau in Japan following the acquisition of the shares.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.