Shares of Shriram Pistons & Rings Ltd. (SPRL) opened as much as 5% higher on Friday, December 5, after it entered into a Share Purchase Agreement with Grupo Antolin Irausa S.A.U. and Grupo Antolin Ingenieria S.A.U. to acquire all outstanding shares, directly and indirectly, of Antolin Lighting India Pvt. Ltd. (T1), Grupo Antolin India Pvt. Ltd. (T2) and Grupo Antolin Chakan Pvt. Ltd. (T3), which is a subsidiary of T2.

SPRL will purchase 100% stake in all three companies at a combined enterprise value of €159 million, or roughly ₹1,670 crore. The transaction is expected to be completed by January 2, 2026.

The entities being acquired operate in the automobile components industry.

Antolin Lighting India reported revenue of ₹123.7 crore in FY25, while Grupo Antolin India posted ₹715.9 crore

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