Samvardhana Motherson International Limited Completes Share Allotment in OSPL-SPV for Solar Project Compliance
Samvardhana Motherson International Limited has finalized a significant equity allotment in Onega Solar Private Limited (OSPL-SPV), aligning its Group Captive operations with regulatory requirements while securing long-term sustainability goals. The entity, which is dedicated to the development of a 15 MWp Group Captive Solar Project in Uttar Pradesh, saw an equity share sale on June 26, 2026.The acquisition of OSPL-SPV was initiated when Motherson New Energy Limited (MNEL), a subsidiary of Samvardhana Motherson International Limited (SAMIL), acquired all the equity shares and compulsorily convertible debentures of OSPL-SPV on December 24, 2025. This strategic move is intended to help SAMIL reduce the carbon footprint of its domestic operations and facilitate long-term cost efficiencies, supporting the company's sustainability objectives.
On June 26, 2026, OSPL-SPV allotted equity shares on a private placement basis to Samvardhana Motherson International Limited and various associated entities, including subsidiaries, joint ventures, associates, and promoter group members. The allotment involved 69,79,648 equity shares, each with a face value of Rs. 10/-, totaling an aggregate amount of Rs. 6,97,96,480 (Rupees Six Crore Ninety-Seven Lakh Ninety-Six Thousand Four Hundred Eighty only).
The transaction resulted in a change in the operational structure of OSPL-SPV within MNEL’s group. Following the allotment, OSPL-SPV is no longer classified as a wholly owned subsidiary of MNEL but has been transitioned to a subsidiary status.
Post-allotment, the equity holding in OSPL-SPV stands as follows:
| Stakeholder | Direct Holding | Indirect Holding (via subsidiaries) |
|---|---|---|
| Samvardhana Motherson International Limited | 11.72% | 86.77% |
As a result of this distribution, OSPL-SPV continues to remain an indirect subsidiary of the Company. The dilution in shareholding was executed solely to comply with the requirements of the Group Captive regulatory framework and does not alter the management or control structure of OSPL-SPV. Consequently, the company maintains full control over OSPL-SPV.
MOTHERSON Stock Price Movement
Samvardhana Motherson International Limited shares surged on Thursday, trading significantly higher and settling at ₹151.71, after gaining 5.03% from the previous day's close. The momentum saw the stock approach its 52-week high as it traded approximately 74.5 million shares throughout the session.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.
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