Samvardhana Motherson International Limited, an an automotive component manufacturer, has increased its equity stake in CIM Tools Private Limited from 55 percent to 68.14 percent following the conversion of compulsory convertible debentures (CCDs) worth INR 1.75 billion into equity shares. The conversion was approved by the Board of Directors of CIM Tools on June 30, 2025.
A total of 17,500 CCDs—each bearing an interest rate of 9.25 percent and a face value of INR 100,000—were converted into 1,108,296 equity shares. The shares were issued at a face value of INR 10 and a securities premium of INR 1,569 per share, aggregating to approximately INR 1,749.99 million.
The CCDs were originally allotted in March 2025, with a scheduled mandatory conversion by June 30, 2025. As a result of the transaction, Samvardhana Motherson’s equity holding in CIM Tools rose by over 13 percentage points.
Samvardhana Motherson International Limited is an automotive component manufacturer listed on the BSE and NSE. The company is headquartered in Noida, with its registered office in Mumbai. CIM Tools operates as a subsidiary of the Motherson group.
