Samvardhana Motherson International Limited has successfully acquired 1,408,867 common shares of Yutaka Giken Co., Ltd. (YGCL) at a tender offer price of JPY 3,024 per share. This acquisition represents 9.51% of the issued share capital of YGCL.
The acquisition was executed through Motherson Global Investments B.V. (MGI BV), an indirect wholly owned subsidiary of Samvardhana Motherson. The tender offer, which commenced on February 9, 2026, under the Financial Instruments and Exchange Act of Japan, concluded on March 10, 2026. The results of the tender offer were announced by MGI BV on March 11, 2026.
This transaction is part of a series of strategic steps to acquire stakes in YGCL and its subsidiary, Shinnichi Kogyo Co., Ltd. Previously, Samvardhana Motherson had announced its intention to acquire 81% stakes with voting rights in YGCL and 11% stake in Shinnichi, with YGCL holding 62% ownership in Shinnichi.
The acquisition process involved obtaining necessary regulatory approvals and completing procedures under the competition laws of China, Brazil, Mexico, Japan, and the United States. Following the settlement of the tender offer on March 17, 2026, MGI BV submitted a large shareholding report to the Kanto Local Finance Bureau under the Financial Instruments and Exchange Act of Japan.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).