Motherson Completes Tender Offer Settlement for Yutaka Giken Stake

Samvardhana Motherson International Limited's indirect wholly owned subsidiary, Motherson Global Investments B.V. (MGI B.V.), has acquired 1,408,867 common shares of Japanese auto components maker Yutaka Giken Co., Ltd. (YGCL) following the settlement of a tender offer on March 17, 2026.

The shares were purchased at a tender offer price of JPY 3,024 per share, representing 9.51% of YGCL's issued share capital. Following the settlement, MGI B.V. filed a large shareholding report with the Kanto Local Finance Bureau under Japan's Financial Instruments and Exchange Act.

The tender offer, which commenced on February 9, 2026, concluded on March 10, 2026. MGI B.V. announced the results on March 11, 2026, confirming the number of shares tendered and to be purchased at 1,408,867. Settlement was completed six days later, on March 17, 2026, formally transferring ownership of the acquired shares.

The transaction forms part of a broader series of steps stemming from a deal first disclosed by Samvardhana Motherson on August 29, 2025. Under that agreement, the company announced plans to acquire an 81% stake with voting rights in YGCL through MGI B.V., along with an 11% stake in Shinnichi Kogyo Co., Ltd. Shinnichi is a subsidiary of YGCL, in which YGCL holds a 62% ownership interest. The current tender offer settlement represents the completion of one of several key transaction steps outlined in those earlier disclosures.

YGCL is a company incorporated and operating under Japanese law, and its shares are listed on the Tokyo Stock Exchange. As an established auto components manufacturer in Japan, the company fits into Samvardhana Motherson's broader strategy of expanding its global manufacturing footprint through acquisitions in key automotive markets.

Before the tender offer could be launched, the transaction required regulatory approvals and clearances under competition laws across multiple jurisdictions. In a disclosure dated January 30, 2026, Samvardhana Motherson confirmed that the necessary procedures and responses under the competition laws of China, Brazil, Mexico, Japan, and the United States had been addressed. The multi-jurisdictional nature of the regulatory process reflects the scale of Samvardhana Motherson's global operations and the cross-border complexity of acquiring a listed Japanese entity.

Samvardhana Motherson International Limited is one of India's largest auto component manufacturers, with operations spanning multiple countries and a customer base that includes major global automakers. The company has pursued an active acquisition strategy over the years to grow its international presence, and the YGCL deal represents a continued push into the Japanese automotive supply chain.