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Shriram Pistons & Rings Ltd. ( (IN:SHRIPISTON) ) just unveiled an update.
Shriram Pistons & Rings Limited has completed the acquisition of Antolin Lighting India Private Limited (T1) and Grupo Antolin India Private Limited (T2), thereby also indirectly acquiring approximately 99.99% of Grupo Antolin Chakan Private Limited (T3), in line with a previously announced share purchase agreement with Grupo Antolin entities. Following the transaction, T1 and T2 have become wholly owned subsidiaries—with T2 classified as an unlisted material subsidiary under SEBI regulations—and T3 has become a step-down subsidiary, marking a significant expansion of Shriram Pistons & Rings’ group structure and potentially strengthening its capabilities and market position in automotive components and related businesses.
More about Shriram Pistons & Rings Ltd.
Shriram Pistons & Rings Limited is an Indian automotive components manufacturer, primarily engaged in producing pistons, piston rings, and related engine and vehicle components for original equipment manufacturers and the aftermarket. Listed on the BSE and NSE, the company operates within the broader auto ancillary and engineering sector, with a strategic focus on expanding its presence across domestic and international automotive markets.
Average Trading Volume: 152,815
Technical Sentiment Signal: Buy
Current Market Cap: 146.9B INR
For a thorough assessment of SHRIPISTON stock, go to TipRanks’ Stock Analysis page.