Acquisitions11 Sept 2025, 09:40 pm
Shriram Pistons & Rings Subsidiary Acquires Majority Stake in SPR EMFI
AI Summary
Shriram Pistons & Rings Ltd (SPRL) announced that its wholly owned subsidiary, SEL, has acquired a majority stake in SPR EMFI. Initially, SEL acquired a 51% equity stake in SPR EMFI in December 2022, which was increased to 66.42% in March 2024. Following a further issue and allotment of equity shares, SEL now owns 72.58% of SPR EMFI's equity shares, as of September 11, 2025.
Key Highlights
- SPRL's subsidiary, SEL, has acquired a 72.58% stake in SPR EMFI
- The acquisition took place in several stages, with the first occurring in December 2022 and the latest in September 2025
- SPR EMFI is now a subsidiary of SPRL through its wholly owned subsidiary, SEL