The ₹1,663 crore investment secures a 38% minority stake in Pricol Autotech by acquiring shares from existing promoter group members, including Vijay Mohan and Vikram Mohan. This specialized entity houses the Driver Information and Connected Vehicle solution division, serving major clients like Ather Energy, TVS, Honda Motorcycle, and Royal Enfield. Pricol’s actuation, control, and fluid management systems will stay under Pricol Limited, while the polymer segment continues under Pricol Precision Products Private Limited.
Key points
Existing promoters and shareholders are divesting a portion of their holdings to facilita…: Existing promoters and shareholders are divesting a portion of their holdings to facilitate the incoming private equity investment.
The Actuation, Control and Fluid Management Systems segment will continue to operate unaf…: The Actuation, Control and Fluid Management Systems segment will continue to operate unaffected under the listed entity Pricol Limited.
Ownership and management of both the polymer division and Pricol Limited will remain comp…: Ownership and management of both the polymer division and Pricol Limited will remain completely unchanged under the Mohan family.
Sources checked by our analysis pipeline: 1
Topaz Terrace investments, an affiliate of Warburg Pincus, will acquire a significant minority stake in Pricol Autotech, an arm of the auto components maker that manufactures digital dashboards and instrument clusters for two wheeler makes such as TVS, Honda Motorcyle, Royal Enfield and Ather Energy.
ET had first reported on Thursday that Warburg Pincus was leading the race to acquire a minority stake in a unit of Pricol.
The deal will entail a stake purchase from existing shareholders of the Pricol unit including Vijay Mohan, Vikram Mohan, Vanitha Mohan, Viren Mohan, Manasa Mohan, Madhura Mohan and certain other promoter entities.
Warburg Pincus is acquiring 38% stake in the Driver Information and Connected Vehicle solution business which will be demerged into a company called Pricol Autotech, as per the disclosure
Following the proposed demerger, the Actuation, Control and Fluid Management Systems (ACFMS) business will continue to operate under Pricol Limited, while the Polymer business will continue to operate through Pricol’s wholly owned subsidiary Pricol Precision Products Private Limited. Both businesses will remain under the ownership and management of the current promoter…
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