Shardul Amarchand Mangaldas & Co. advised Samvardhana Motherson International Limited on acquisition of majority stake in Yutaka Giken Co. Ltd., Japan
The leading Indian law firm, Shardul Amarchand Mangaldas & Co. acted as one of the lead counsel to Samvardhana Motherson International Limited (“SAMIL”) in connection with its 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 entered into definitive documents on August 29, 2025. The transaction is subject to the 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.
This 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.
Mori Hamada & Matsumoto acted as local counsel to SAMIL in Japan.
The Shardul Amarchand Mangaldas & Co. team was 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).
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