Shardul Amarchand Mangaldas & Co. acted as one of the lead counsel to Samvardhana Motherson International Limited (“SAMIL”) in connection with SAMIL’s proposed acquisition, through its wholly owned indirect subsidiary Motherson Global Investments B.V. (“MGI BV”), of an 81% shareholding in Yutaka Giken Co. Ltd. (“Yutaka Giken”), a Tokyo Stock Exchange-listed subsidiary of Honda Motor Co., Ltd. The parties have entered into definitive documents on August 29, 2025 and the transaction is subject to successful completion of a tender offer process. The cash consideration for the 81% stake is approximately USD 184 million
In a simultaneous set of transactions, MGI BV will acquire an 11% stake in Shinnichi Kogyo Co. Ltd. (in which Yutaka Giken already holds 62%) and SAMIL (either directly or through a wholly owned subsidiary) will acquire 100% of the shares and voting rights in Yutaka Autoparts India Private Limited.
The multijurisdictional deal spans nine manufacturing jurisdictions—including Japan, China, the United States, Thailand, Brazil, India, Indonesia, Mexico and the Philippines—and remains subject to successful completion of the tender offer process and merger control approvals in Japan, the United States, China, Brazil and Mexico.
The Transaction team comprised Rudra Kumar Pandey, Partner; Kshitij Arora, Counsel; Deepti Pandey, Senior Associate; Shrutika Lakhotia, Associate; Kunal Gupta, Associate; Vaishnavi Singh, Associate, and Arshit Kapoor, Associate
The due-diligence team comprised Rudra Kumar Pandey, Partner; Kshitij Arora, Counsel; Shrutika Lakhotia, Associate; Rachit Grover, Associate; Kunal Gupta, Associate; Satyam Agarwal, Associate; Rewa Singhania, Associate; and Mitakshara Kapoor, Associate Trainee.
Mori Hamada & Matsumoto acted as the local counsel to SAMIL in Japan.