Samvardhana Motherson International Limited (SAMIL) has announced a revised timeline for the completion of its acquisition of Motherson Technology Services Limited (MTSL). The company now expects the transaction to be finalised by the second quarter of the financial year 2026-27, due to ongoing regulatory processes.
SAMIL, which currently holds a 92.96% stake in MTSL, had initially anticipated the acquisition to be completed by the fourth quarter of FY26. The acquisition involves the selective reduction of equity share capital by MTSL, which will result in MTSL becoming a wholly owned subsidiary of SAMIL.
The acquisition process is being conducted under Section 66 and other applicable provisions of the Companies Act, 2013, and is subject to the approval of the National Company Law Tribunal. The update was submitted pursuant to Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).