JKB Financial Services Ltd.

As on : 13-Nov-2026

Corporate News
13-Nov-2026 23:35

Warburg Pincus to acquire 38.51% stake in Pricol Autotech following a demerger

Warburg Pincus has agreed to acquire a 38.51% stake in Pricol Autotech Limited from the Mohan family, the promoters of Pricol Limited, following a demerger of Pricol’s Driver Information and Connected Vehicle Solutions (DICVS) business into the newly formed Pricol Autotech. The demerger, which will create a separate, listed entity, is expected to be followed by a mandatory open offer from Warburg Pincus to acquire up to an additional 26% of Pricol Autotech’s shares. Pricol Autotech, which reported approximately INR 2,400 crore in revenue in fiscal year 2026, representing about 60% of Pricol’s consolidated revenue, will focus on instrument clusters, telematics, and other automotive electronics solutions. The deal, announced November 13, 2026, is contingent upon approvals from various regulatory bodies and shareholders.

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