Shriram Pistons & Rings has executed definitive agreement to acquire 100% shareholding in Antolin Lighting India (ALIPL), Grupo Antolin India (GAIPL), and Grupo Antolin Chakan (GACPL), a subsidiary of GAIPL. Collectively, these companies represent some of the leading providers of advanced interior solutions to the automotive industry. This acquisition, valued at around Rs 1,670 crore on a debt-free, cash-free basis, plays a key role in the company’s long-term strategy to diversify beyond the traditional ICE powertrain components. By entering the fast-growing automotive interiors segment, the company strengthens its leadership position and future-proofs its portfolio against evolving industry trends.
As part of the transaction, the company will enter into a long-term Technology Licensing Agreement with Grupo Antolin, ensuring continued access to cutting-edge technologies, global best practices, and support for new product development. This collaboration will enable the company to deliver world-class quality and innovation to its customers while seamlessly integrating Antolin’s proven expertise. The transaction is expected to be completed by January 2, 2026.
Shriram Pistons & Rings (SPR) is one of the India's oldest and most reputed industrial houses, recognized by almost all OEMs of India and several OEMs in Europe and Asia.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 131.95 |
| Tube Investments | 3048.15 |
| Bosch | 38138.45 |
| UNO Minda | 1178.05 |
| CIE Automotive India | 474.85 |
| View more.. | |
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