Shriram Pistons to Acquire Antolin Group's Indian Operations for Rs. 16,700 Million

Shriram Pistons & Rings Limited (SPRL) has announced a definitive agreement to acquire 100% shareholding in Antolin Lighting India Private Limited (ALIPL), Grupo Antolin India Private Limited (GAIPL), and Grupo Antolin Chakan Private Limited (GACPL), subject to terms and conditions in the Share Purchase Agreement (SPA). The acquisition, valued at approximately Rs. 16,700 Million on a debt-free, cash-free basis, marks a pivotal step in SPRI’s long-term strategy to diversify beyond the traditional ICE powertrain components. The Target Companies bring a robust portfolio of interior solutions and serve major OEMs across India, contributing annual revenues of approximately Rs. 11,791 Million. The transaction is expected to be completed by January 2, 2026, subject to customary approvals and conditions outlined in the Share Purchase Agreement.