Samvardhana Motherson International to acquire 81% stake in Yachiyo's four-wheeler business

Samvardhana Motherson International Ltd, via its wholly-owned subsidiary SMRP BV, has agreed to acquire an 81% stake in Yachiyo Industry Co.'s four-wheeler business, forming an 81:19 joint venture with Honda Motor. The transaction follows Honda's tender offer to make Yachiyo a wholly-owned subsidiary.

“The global partnership with Honda Motor will give Samvardhana Motherson International access to strong R&D capabilities, help it foraying into global sunroof market and give Significant synergies with existing business and operations.”businesstoday.in

• 6 sources
• businesstoday.inStock to watch: Samvardhana Motherson International arm to acquire 81% stake in Yachiyo’s 4W biz - BusinessTodayAmit MudgillJul 4, 2023
• auto.economictimes.indiatimes.comMotherson to buy 81% stake in Honda Motor arm Yachiyo Industry, ETAutoETAuto DeskJul 4, 2023
• legaldesire.comHogan Lovells advises Motherson on its agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry - Legal Desire Media and InsightsLegal Desire PressJul 4, 2023
• businesstoday.inSamvardhana Motherson share price target at Rs 120? Analysts bullish on Yachiyo deal. Here's why - BusinessTodayAmit Mudgill

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