Samvardhana Motherson International has successfully completed the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited (Nissin India) as of 30 April 2026. This acquisition was finalised after fulfilling all conditions precedent, as outlined in a previous disclosure dated 27 April 2026.
With the completion of this transaction, Nissin India has now become an indirect wholly owned subsidiary of Samvardhana Motherson International. The acquisition was conducted in partnership with Nissin Electric Co. Ltd, Japan, from whom the stake was acquired.
This strategic move is part of Samvardhana Motherson’s ongoing efforts to expand its footprint and capabilities in the advanced coating sector. The acquisition aligns with the company’s growth strategy and enhances its portfolio in the automotive and industrial sectors.
The company had initially informed the stock exchanges about this acquisition on 27 April 2026, and the finalisation of the deal marks a significant milestone in its strategic initiatives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).