Synopsis:

A smallcap company is acquiring three Grupo Antolin companies in India for Euro 159 million, gaining full ownership of their automotive-interior and lighting businesses.

On Friday, a small cap stock was in the spotlight soon after the news of the company’s Euro 159 Million Acquisition of three Grupo Antolin companies in India, this has signalled the auto ancillary company’s expansion into the Automotive Interior components space.

With a market cap of Rs 12,142 Cr Shriram Pistons & Rings Ltd saw its stock hit an intra day high of Rs 2797.95, which is 9.5 percent higher than the previous close of Rs 2621.55.

What’s the News?

On Friday, Shriram Pistons & Rings (SPRL) announced a major expansion move with the acquisition of three Grupo Antolin companies in India for euro 159

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