Shriram Pistons & Rings to acquire TGPEL Precision Engg in ₹220-cr deal
The Free Press Journal|December 11, 2024
Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on a debt-free cash-free basis.
Shriram Pistons & Rings to acquire TGPEL Precision Engg in ₹220-cr deal

The deal, subject to regulatory approvals, is expected to be completed this month and will be a step further towards the company's focus to consolidate and strengthen its position in the manufacturing of high-precision injection moulded components, Shriram Pistons & Rings said.

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