Samvardhana Motherson Acquires 28.15% Stake in HR Dhauliganga, Enters JV with Egtronics; Stock Up 1.01%
By HDFC SKY | Published at: Jun 20, 2025 04:22 PM IST
Mumbai, June 20, 2025 – Shares of Samvardhana Motherson International Ltd (NSE: MOTHERSON) rose 1.01% to ₹149.23 in early morning trade today after the announcement that it had made two significant moves: first, it acquired a stake in a renewable energy special purpose vehicle (SPV); second, it signed a joint venture agreement with Egtronics Co. Ltd (KOSDAQ: 097520), based in South Korea.
Stock Market Snapshot (As of 11:05 IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹149.23 |
| Change (%) | +1.01% |
| Volume Traded (Lakhs) | 31.36 |
| VWAP | ₹147.95 |
| 52-Week High (Sep 2024) | ₹216.99 |
| 52-Week Low (Apr 2025) | ₹107.25 |
| Total Market Cap | ₹1,05,002.63 Cr |
| Free Float Market Cap | ₹43,878.50 Cr |
Acquisition: HR Dhauliganga Private Limited
Samvardhana Motherson has announced it will purchase 28.15% equity in HR Dhauliganga Pvt Ltd (HRDPL), a special-purpose vehicle promoted by Hinduja Renewables Energy Pvt Ltd. The total acquisition value is ₹14.13 crore and will be conducted in tranches.
| Detail | Value |
|---|---|
| Target Entity | HR Dhauliganga Private Limited |
| Stake Acquired | 28.15% (SAMIL Standalone: 18.35%) |
| Cost of Acquisition | ₹14.13 crore |
| Nature of Consideration | Cash |
| Purpose | Compliance with Electricity Act, 2003 for captive energy |
| Target’s Turnover & PAT | Nil (Newly Incorporated on Dec 10, 2024) |
| Industry | Renewable Energy |
| Completion Timeline | Expected in Q2 FY26 |
The entity has an adverse net worth of (₹4.9 lakhs) as of the reporting date, reflecting the early incorporation stage. The investment is not a related-party transaction and is being conducted on an arm’s length basis.
Joint Venture with Egtronics (South Korea)
SAMIL’s board has approved a Joint Venture Agreement with Egtronics Co., Ltd, listed on KOSDAQ, to manufacture power electronics for clean mobility (EV and hydrogen vehicles).
| JV Details | Description |
|---|---|
| Foreign Partner | Egtronics Co. Ltd, South Korea |
| SAMIL Shareholding | 51% (JVC consolidated by SAMIL) |
| Initial Paid-Up Capital | ₹5 lakh (50,000 shares @ ₹10 each) |
| Focus | DC-DC converters, auxiliary/traction inverters, onboard chargers, PDUs for commercial EVs |
| Manufacturing Base | India |
| Sales Territory | Global (Excluding South Korea) |
| Agreement Execution Date | June 19, 2025 |
The new Joint Venture Company (JVC) ‘s board will include 5 directors, 3 appointed by SAMIL and 2 by Egtronics. The deal is classified under the execution of an agreement per SEBI (LODR) norms and is in the normal course of business.
Regulatory Compliance & SEBI Provisions
- The acquisition of HRDPL complies with Regulation 30 of SEBI (LODR) about restructuring and M&A.
- The JV agreement is reported under Regulation 30 – Agreements with significant disclosures on board rights and equity structure.
About the Company
Samvardhana Motherson International Ltd (NSE: MOTHERSON) is a leading global auto component manufacturer, listed since August 1996. The company is part of the Nifty Next 50 index and operates in the Auto Components & Equipment sector, with a market cap exceeding ₹1 trillion. It has a diversified product portfolio and a strong domestic and international automotive market presence.
Note: The developments come amid renewed investor confidence as the company strategically positions itself in clean mobility and captive renewable energy.
REF:
https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_1468762_20062025105934_WEB.xml
https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1468761_20062025105843_WEB.xml
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