M&ABusinessLine
Pricol promoters to sell entire stake in demerged connected vehicle business to Warburg Pincus
Positive+334 sources
GreyOak summary
Pricol Limited's promoters agreed to sell their entire 38.51% stake in Pricol Autotech Limited to private equity firm Warburg Pincus. The deal, valued at up to Rs 1,663 Crore, involves the demerged Connected Vehicle Solutions business which contributes 60% of Pricol's revenue. Warburg Pincus will make a mandatory open offer to acquire an additional 26% stake post-listing.
What it affects
- PricolPRICOLLTDPositive +33
Promoters to sell stake in demerged unit.Rolling sentiment Positive +39
Source
Read the original at BusinessLineMore Pricol news
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