Board Meeting13 Nov 2026, 10:40 pm
Pricol Ltd Board Approves Share Sale in Pricol Autotech
AI Summary
Pricol Limited's Board of Directors has approved the execution of a share purchase agreement for the sale of 38.51% of Pricol Autotech's equity to Topaz Terrace Investments, an affiliate of Warburg Pincus LLC. This transaction is part of a larger scheme of demerger where Pricol Autotech will acquire the Driver Information & Connected Vehicle Solutions (DICVS) Business from Pricol Limited. The Sellers, including promoter group members and related entities, will sell their stake in Pricol Autotech to the Acquirer.
Key Highlights
- Board approved share purchase agreement for Pricol Autotech stake.
- Sale involves 38.51% equity to Warburg Pincus affiliate.
- Transaction linked to demerger of DICVS business.
- Promoter group members are among the sellers.
Price Impact
More from PRICOLLTD