Politics · India Bureau
Samvardhana Motherson to acquire majority stake in Rotary Connectors
Auto components manufacturer Samvardhana Motherson International has approved an all-cash acquisition of a 50.1 per cent stake in connector maker Rotary Connectors Pvt Ltd for Rs 500.4 crore. The deal is expected to close by end of financial year 2026-2027.
LSN India ·
Samvardhana Motherson Adsys Tech Ltd (SMAST), a wholly-owned subsidiary of Samvardhana Motherson International Ltd (SAMIL), will acquire majority control of Rotary Connectors Pvt Ltd through the transaction valued at Rs 500.4 crore on an enterprise basis. The acquisition was greenlit by SAMIL's Board of Directors at a meeting held on Monday, according to regulatory filings.
Following completion of the deal, SMAST will hold 50.1 per cent of the equity share capital in Rotary Connectors, with the connector manufacturer subsequently becoming an indirect subsidiary of SAMIL. The existing promoters of Rotary Connectors will retain their 49.9 per cent stake in the company.
The transaction is slated for completion by the conclusion of financial year 2026-2027. The all-cash structure of the deal underscores SAMIL's commitment to consolidating its presence in the connector and electrical components segment, a key area of focus for the diversified auto components supplier.