Closing of joint venture: 26% stake in AES (India) Engineering sold to T-NET Japan
Motherson's wholly owned arm SMISL has completed the sale of its entire 26% stake in AES (India) Engineering Ltd to JV partner T-NET Japan.
By ScoutQuest · · 1 min read
- Stake Divested
- 26% stake in AES (India) Engineering Ltd
- Buyer
- T-NET Japan Co., Ltd.
- Board Approval Date
- September 24, 2026
- Transaction Completion Date
- September 24, 2026
What happened
Samvardhana Motherson Innovative Solutions Limited (SMISL), a wholly owned subsidiary of the company, has sold its entire shareholding in AES (India) Engineering Limited to joint venture partner T-NET JAPAN Co., Ltd. and its nominees.
- SMISL along with its nominees held 26% of the equity shares of AES India.
- The company holds 100% of SMISL, so the effective interest of SAMIL in AES India was 26%.
- The board of AES India approved the share transfer on September 24, 2026.
- The transaction completed on September 24, 2026 upon completion of conditions precedent.
About the businesses
AES India provides EPC (Engineering, Procurement and Construction) services for automotive, rails, agriculture and construction equipment, white goods and other general manufacturing industries.
T-NET provides support services to project owners developing social infrastructure such as roads, bridges and tunnels, and is also engaged in production facility-related businesses for automotive, plant engineering and industrial machinery, using mechanical equipment, material handling systems and IT systems.
Context
This follows the company's earlier letter dated August 10, 2026 informing exchanges of the proposed sale. The present update confirms the closing of that joint venture exit.
For investors, this is an exit from a minority joint venture holding outside the group's core operations. It reduces the group's non-core associations while the counterparty, the existing JV partner, takes full ownership.
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23 Oct 2026
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23 Oct 2026
Interest for eight days and fractional entitlements paid to CCD holders who opted for conversion
16 Oct 2026
More numbers
- SMISL (with nominees) stake in AES India sold26%
- Company's holding in SMISL100%
- Effective capital of SAMIL in AES India26%
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