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The Board of Directors of Samvardhana Motherson International Ltd at its meeting held on September 21, 2026 has, considered and approved the purchase by Samvardhana Motherson Adsys Tech Ltd , a wholly owned subsidiary of the Company, of 50.1% equity stake in Rotary Connectors Pvt. Ltd from existing shareholders of RCPL, subject to satisfactory completion of conditions precedent.
Post completion of the afore-mentioned transaction, SMAST will hold 50.1% of equity share capital of RCPL and thereupon, RCPL will become an indirect subsidiary of SAMIL. The promoters of RCPL will continue to hold 49.9% equity stake in RCPL.
At 10.59 am, Samvardhana Motherson International was trading at Rs. 161.35, down by 1.76%, with a volume of 2.51 lakh shares on the BSE.
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