* Shriram Pistons & Rings Limited (SPRL) will acquire 100% shareholding in Antolin Lighting India Private Limited (ALIPL), Grupo Antolin India Private Limited (GAIPL), and Grupo Antolin Chakan Private Limited (GACPL). * The acquisition is valued at approximately ₹1,670 crore on a debt-free, cash-free basis. * The target companies have five manufacturing facilities across Chakan (2), Pune (2), and Chennai (1), serving major OEMs in India. * They contribute annual revenues of approximately ₹1,179.1 crore. * SPRL will enter into a long-term Technology Licensing Agreement with Grupo Antolin. * The transaction is expected to be completed by January 2, 2026, pending approvals. * Mr. Krishnakumar Srinivasan, Managing Director & CEO, views this as a strategic opportunity to enter the automotive interior solutions segment and enhance competitive edge. * This acquisition builds on SPRL’s recent investments in TGPEL, EMFi, and Takahata.
