Pricol promoters to sell entire stake to Warburg Pincus

PRICOLLTD SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Pricol promoters to sell entire stake in demerged connected vehicle business to Warburg Pincus Coimbatore-based automotive tech and precision components company Pricol Limited said on Friday that its Board had approved the sale of the entire 38.51% shareholding of Pricol’s promoters in Pricol Autotech Limited to PE major Warburg Pincus. Pricol had originally announced plans to demerge its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited in June 2026. Under the share purchase agreement, Warburg will acquire 4,69,34,833 equity shares aggregating to 38.51% of the paid-up equity share capital of Pricol Autotech, following its demerger and listing, for an aggregate consideration of up to Rs 1,663 Crore, Pricol said in an exchange filing. Warburg to make open offer for additional 26% Warburg Pincus will make a mandatory open offer to public shareholders and complete the acquisition of the promoter’s stake, making it Pricol Autotech’s largest shareholder. In line with SEBI regulations, the open offer will allow Warburg Pincus to acquire up to an additional 26% of Pricol Autotech’s share capital. DICVS business accounts for 60% of revenue Pricol’s DICVS business reported approximately ₹2,400 crore in revenue in FY26, making up around 60 per cent of Pricol’s consolidated revenue. This includes driver information systems and automotive electronics, including instrument clusters, telematics, sensors, e-cockpit solutions, and related solutions. It serves two-wheelers, three-wheelers, four-wheelers, commercial vehicles and off-highway segments. Pricol will continue to run the precision parts and other auto components business. All this is for information This is not a buy/sell recommendation. SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Thank you, Technofunda24