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.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co. (SAM), founded on a century of legal achievements, is one of India’s leading full-service law firms with the ISO/IEC 27001:2022 certification - the latest global benchmark for Information Security Management Systems. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & restructuring, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.
With the full suite of Harvey AI functionalities, the Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 800 lawyers including 188 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
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