Sale19 Dec 2025, 01:38 pm
Craftsman Automation Ltd Announces Sale of Aluminum Piston Manufacturing Assets to Shriram Pistons & Rings Ltd
AI Summary
Craftsman Automation Ltd has announced the sale of certain identified plant and machinery and related assets in relation to aluminum piston manufacturing business to Shriram Pistons & Rings Ltd ('SPRL'). The proposed transaction is expected to be completed by 31st March, 2026. The aggregate consideration for the sale/disposal is Rs. 28 Crores, exclusive of applicable GST. SPRL is not a related party and the sale does not constitute a related party transaction.
Key Highlights
- Craftsman Automation Ltd to sell aluminum piston manufacturing assets to Shriram Pistons & Rings Ltd
- Transaction amount is Rs. 28 Crores, exclusive of applicable GST
- Expected completion date is on or before 31st March, 2026
- Shriram Pistons & Rings Ltd is not a related party
- The sale does not constitute a related party transaction