Acquisitions8 Dec 2025, 02:35 pm
Shriram Pistons & Rings Ltd to Acquire Grupo Antolin Companies for INR 16,700 Mn.
AI Summary
Shriram Pistons & Rings Ltd (SPRL) has entered into a Share Purchase Agreement with Grupo Antolin Irausa, S.A.U. and Grupo Antolin Ingenieria, S.A.U. to acquire all outstanding shares of Antolin Lighting India Private Limited (T1), Grupo Antolin India Private Limited (T2), and Grupo Antolin Chakan Private Limited (T3) for an Enterprise Value of Euro 159 Million (approximately INR 16,700 Mn.). This acquisition is in line with SPRL's strategic objective of enhancing capabilities and expanding its presence in the automotive components industry. The transaction is subject to the fulfillment of closing conditions and completion of closing deliveries as stipulated under the Share Purchase Agreement.
Key Highlights
- SPRL to acquire 100% stake of T1, T2, and T3 for INR 16,700 Mn.
- Acquisition aligns with SPRL's strategic objective of expanding in the automotive components industry.
- Target companies are leading providers of automotive interior solutions.
- Transaction is subject to fulfillment of closing conditions under the Share Purchase Agreement.
- Acquired entities belong to the Automobile industry.