Mumbai, June 17 -- The Board of Directors of Samvardhana Motherson International at its meeting held on 17 June 2026 has, inter-alia, considered and approved the acquisition by SMR Automotive (Langfang) Co., (SMR Langfang), an indirect wholly-owned subsidiary of the Company, of controlling stake in Shenzhen Autocruis Technology Co., (Target), a company incorporated under the laws of the People's Republic of China, via a primary capital increase (subscription of fresh equity) of CNY 153.3 million (equivalent to approximately USD 22.6 million) for a 64.76% equity stake on a fully diluted basis.
Published by HT Digital Content Services with permission from Capital Market....