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Pricol acquires shares in Pricol Electronics

10 Oct 2024 Evaluate

Pricol has acquired entire 15,00,000 shares of Pricol Electronics (step down wholly owned subsidiary) of Re 1 each held by Pricol Asia Pte (wholly owned subsidiary of Pricol) for operational convenience.

Pricol Electronics will henceforth be a direct wholly owned subsidiary of Pricol. Pricol Electronics was incorporated on April 11, 2023. The Company is yet to commence its business operation.

Pricol is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.

Peers
Company Name CMP
SamvardhanaMotherson 158.60
Tube Investments 2170.00
Bosch 50765.00
UNO Minda 1327.90
Bombay Burmah Trdg. 1283.55
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