Date: September 24, 2026
Disinvestment / Strategic Actions
Samvardhana Motherson Innovative Solutions Limited (SMISL), a wholly owned subsidiary of Samvardhana Motherson International Limited, has completed the sale of its entire shareholding in AES (India) Engineering Limited (AES India) to T-NET JAPAN Co., Ltd. and its nominees.
Transaction Details:
- SMISL along with its nominees held 26% equity shares in AES India
- Effective capital of SAMIL in AES India was 26%
- The transaction was approved by the Board of Directors of AES India in their meeting held on September 24, 2026
- The transaction completed on September 24, 2026 upon completion of conditions precedent
Business Profiles:
- T-NET JAPAN Co., Ltd.: Engaged in providing support services to project owners responsible for development of social infrastructure (roads, bridges, tunnels) and production facility-related businesses for automotive, plant engineering, and industrial machinery industries
- AES India: Engaged in providing EPC (Engineering, Procurement and Construction) services for Automotive, Rails, Agriculture & Construction Equipment, White Goods, and other general manufacturing industries