Samvardhana Motherson International expects to complete the acquisition of Nexans autoelectric GmbH and Elektrokontakt GmbH in July 2026. The transaction, which involves the purchase of business assets, real estate, and shares in foreign subsidiaries, is being executed by Motherson Global Investments B.V. (MGI BV), an indirect wholly owned subsidiary of the company. The revised timeline follows an earlier disclosure indicating the acquisition would conclude in the first quarter of financial year 2026-2027.

Acquisition Details

The acquisition encompasses the business operations, including assets and specific real estate properties of Nexans autoelectric GmbH and Elektrokontakt GmbH. Additionally, the deal includes the acquisition of shares in the foreign subsidiaries of these entities. MGI BV, along with its subsidiaries, is the designated entity undertaking the purchase.

Timeline and Conditions

The company initially projected the completion of the acquisition for the first quarter of financial year 2026-2027. In a regulatory filing submitted on June 30, 2026, the company updated this timeline, stating that the transaction is now expected to conclude during July 2026. The finalization of the deal remains contingent upon the satisfactory completion of all conditions precedent required for the transaction.

Samvardhana Motherson International Ltd has revised the closing timeline for acquiring a 28.15% stake in HR Dhauliganga Private Limited to Q4 FY27, delaying the earlier expected completion of Q1 FY27. The transaction is intended to ensure compliance with regulatory requirements for captive power generation and consumption under Electricity Laws. The delay is attributed to the ongoing completion of conditions precedent required for the transaction.

The company and its subsidiaries had previously approved the execution of Power Delivery Agreements with HR Dhauliganga Private Limited, a special purpose vehicle established by Hinduja Renewables Energy Private Limited. This stake acquisition is part of a broader strategy to meet regulatory standards for power operations.

Transaction Details

The key parameters of the transaction are outlined below:

The disclosure was submitted to the exchanges pursuant to Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all necessary approvals and agreements are being processed to meet the revised timeline.