Samvardhana Motherson International Limited (SAMIL) has announced an update regarding its acquisition of Motherson Technology Services Limited (MTSL), indicating a revised timeline for completion. Initially expected to conclude by the fourth quarter of FY26, the transaction is now projected to be finalised by the second quarter of FY27 due to ongoing regulatory processes.
SAMIL, which currently holds a 92.96% stake in MTSL, is moving towards making MTSL a wholly owned subsidiary. This will be achieved through a selective reduction of equity share capital by MTSL, targeting certain shareholders. The process is subject to the approval of the Hon’ble National Company Law Tribunal under Section 66 and other applicable provisions of the Companies Act, 2013.
The company emphasised that this update aligns with the requirements of Regulation 30(7) of the Securities and Exchange Board of India (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).