Samvardhana Motherson shares rise over 3% on completing acquisition of two Turkish JVs

This comes a day after the company shared updates regarding the acquisition of the remaining 25% stake in its two Turkish joint ventures (JV), SMR Plast Met Molds and Tools, and SMR Plast Met Automotive Tec by its wholly owned indirect subsidiary, Motherson SAS Turkey Otomotiv.

The 25% stake in the JVs was purchased for a cash consideration of 3.225 million euros.

The acquisition was completed on September 9 after the firm received the necessary approvals for the transaction, it said in a regulatory filing.

With the completion of the transaction, both entities have become 100% wholly owned indirect subsidiaries of SAMIL.

On June 19, SAMIL’s board of directors had approved the acquisition of the remaining 25% stake in the two Turkish JVs, and was awaiting regulatory approvals and an antitrust approval in Turkey.

Both the acquired entities were a 75:25 JV between SMR Stuttgart, a wholly owned indirect subsidiary of SAMIL, and Erol Senol, the founder of Plast Met Group, wherein the former had acquired 75% equity shares of the two companies in 2021.

Post the completion, “SMR Stuttgart may assign all rights and benefits, including the right to acquire all of the total shares, to Motherson SAS Turkey Otomotiv Servis Ticare Ltd,” SAMIL had said.

The full benefits of future growth will accrue to SAMIL, and the two Turkish entities, housed under the Vision Systems Division, will continue to serve as a key manufacturing footprint in the region to provide solutions to customers.

SAMIL shares were trading 2.46% higher at ₹101.25 apiece, at around 12:56 pm.

The stock gained 4.03% over the week and 9.55% over the month. It surged 18.97% over six months, as per data. On a year-to-date basis, it declined 16.44%.

While the scrip touched a 52-week low of ₹71.50 on April 7, 2025, it hit a year’s high of ₹144.66 per equity share on September 27, 2024.

SAMIL has a total market capitalisation of ₹1.07 lakh crore, as of September 10, 2025,