Motherson Raises Shenzhen Autocruis Stake, Signs CNY 3 Million Share Deal
Mumbai: Samvardhana Motherson International Limited has signed an agreement to acquire an additional 0.15 percent stake in China-based Shenzhen Autocruis Technology Co Ltd. The deal will increase Motherson’s indirect shareholding in the Chinese company from 67.78 per cent to 67.93 percent on a fully diluted basis. Share Purchase SMR Automotive (Langfang) Co Ltd, an indirect wholly owned…
Motherson Sumi International Limited has agreed to purchase an additional 0.15 percent stake in Shenzhen Autocruis Technology Co Ltd, a Chinese technology firm. This move will increase the Indian company's indirect ownership in Shenzhen Autocruis from 67.78 percent to 67.93 percent, considering fully diluted shares. The transaction, valued at CNY 3 million, or approximately $440,000, involves SMR Automotive (Langfang), a wholly-owned subsidiary of Motherson.
The share purchase agreement was signed with Radio Frequency Technology Ventures Limited on August 17, 2026. The deal follows Motherson's earlier announcement in June 2026 of acquiring a controlling stake in Shenzhen Autocruis, which gave SMR Langfang a 64.76 percent equity stake. Following the completion of a primary capital investment of CNY 153.3 million, SMR Langfang's ownership was expected to rise to 67.78 percent.
The proposed secondary purchase will further increase SMR Langfang's ownership by 0.15 percentage points, bringing the total to 67.93 percent. Motherson disclosed the agreement to both the Bombay Stock Exchange and the National Stock Exchange, classifying it as an acquisition of minority shares, in compliance with Regulation 30 of the Securities and Exchange Board of India's listing rules.
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