Pricol Ltd : Warburg Pincus to Acquire 38.51% Promoter Stake

PRICOLLTD DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 --Key Highlights -- ** Transaction Structure: Warburg Pincus will acquire 4,69,34,833 equity shares (representing a 38.51% fully diluted stake) from the promoter group, led by Mr. Vijay Mohan, Mr. Vikram Mohan, and Mrs. Vanitha Mohan. ** Valuation & Consideration: The aggregate consideration payable for the promoters' stake is up to ₹1,663.07 crores. ** Open Offer: Following the demerger and listing of Pricol Autotech on the National Stock Exchange (NSE) and BSE Limited (BSE), Warburg Pincus will launch a mandatory open offer to public shareholders to acquire up to an additional 26% stake in the company. **Business Scope: Pricol Autotech will house the DICVS business—a leader in driver information systems, instrument clusters, telematics, sensors, and e-cockpit solutions—which posted roughly ₹2,400 crore in revenue in FY26 (about 60% of Pricol's consolidated revenue). ** Continuity at Pricol Limited: The Mohan family will retain their full shareholding and continue to manage Pricol Limited's remaining operations, including the Actuation, Control & Fluid Management Systems (ACFMS) and Precision Products businesses. ** Approvals & Timeline: The transaction is subject to customary closing conditions, including approvals from shareholders, creditors, stock exchanges, SEBI, the National Company Law Tribunal (NCLT), and the Competition Commission of India (CCI). Disclosure /Disclaimer Link: *****