Key Takeaways
- • Warburg Pincus will acquire the promoters' entire 38.51 per cent stake in Pricol Autotech Limited for up to Rs 1,663 crore, following the demerger and listing of the business, according to an exchange filing by Pricol Limited.
- • The stake comprises 4,69,34,833 equity shares and will be acquired through Topaz Terrace Investments BV, a Netherlands-based Warburg Pincus affiliate.
- • A mandatory open offer under SEBI regulations would allow Warburg Pincus to acquire up to an additional 26 per cent, making it Pricol Autotech's largest shareholder.
- • The Driver Information and Connected Vehicle Solutions business being demerged generated approximately Rs 2,400 crore in FY26 revenue, around 60 per cent of Pricol's consolidated revenue.
- • The transaction remains subject to the demerger becoming effective and to regulatory and other approvals; Veda Corporate Advisors acted as exclusive financial adviser.
Summary
Pricol Limited, a Coimbatore-based automotive technology and precision components company, said on Friday that its board had approved the sale of the promoters' entire 38.51 per cent shareholding in Pricol Autotech Limited to Warburg Pincus, the private equity firm, for up to Rs 1,663 crore. The sale follows the demerger and listing of the business, according to the exchange filing.
Under the share purchase agreement, Warburg Pincus will acquire 4,69,34,833 equity shares, representing 38.51 per cent of the paid-up equity share capital of Pricol Autotech. The acquisition will be carried out through Topaz Terrace Investments BV, a Netherlands-based affiliate of Warburg Pincus.
Pricol had announced in June 2026 its plan to demerge its Driver Information and Connected Vehicle Solutions business into Pricol Autotech Limited. The demerged company is proposed to be listed on both the National Stock Exchange of India and BSE. Pricol Autotech makes digital dashboards and instrument clusters for two-wheeler manufacturers including TVS, Honda Motorcycle and Royal Enfield, according to reports. The business reported approximately Rs 2,400 crore in revenue in FY26, around 60 per cent of Pricol's consolidated revenue.
Following completion, Warburg Pincus will make a mandatory open offer to public shareholders under SEBI regulations for up to an additional 26 per cent of Pricol Autotech's share capital, which would make the firm the company's largest shareholder. The acquisition and open offer remain subject to the demerger becoming effective and to regulatory and other approvals. Veda Corporate Advisors acted as exclusive financial adviser on the transaction.
Under the share purchase agreement, Warburg Pincus will acquire 4,69,34,833 equity shares, representing 38.51 per cent of the paid-up equity share capital of Pricol Autotech. The acquisition will be carried out through Topaz Terrace Investments BV, a Netherlands-based affiliate of Warburg Pincus.
Pricol had announced in June 2026 its plan to demerge its Driver Information and Connected Vehicle Solutions business into Pricol Autotech Limited. The demerged company is proposed to be listed on both the National Stock Exchange of India and BSE. Pricol Autotech makes digital dashboards and instrument clusters for two-wheeler manufacturers including TVS, Honda Motorcycle and Royal Enfield, according to reports. The business reported approximately Rs 2,400 crore in revenue in FY26, around 60 per cent of Pricol's consolidated revenue.
Following completion, Warburg Pincus will make a mandatory open offer to public shareholders under SEBI regulations for up to an additional 26 per cent of Pricol Autotech's share capital, which would make the firm the company's largest shareholder. The acquisition and open offer remain subject to the demerger becoming effective and to regulatory and other approvals. Veda Corporate Advisors acted as exclusive financial adviser on the transaction.
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