Pricol Promoters to Sell Entire Stake in Connected Vehicle Unit to Warburg Pincus
Pricol's promoters will sell their whole 38.51% stake in Pricol Autotech to Warburg Pincus for up to Rs 1,663 crore, plus a 26% open offer.
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what happened
Indian automotive technology and precision components maker Pricol Limited, based in Coimbatore, said its board has approved the sale of all shares held by its promoters in Pricol Autotech. The 38.51% stake goes to private equity firm Warburg Pincus. The company disclosed the move in an exchange filing, according to Moody's.
The deal is worth up to Rs 1,663 crore and relates to the planned demerger of Pricol's Driver Information and Connected Vehicle Solutions business, which will be placed in Pricol Autotech. That unit generated about Rs 2,400 crore in revenue in FY26, roughly 60% of group revenue. Under SEBI rules, Warburg Pincus will also make a mandatory open offer to public shareholders for up to an additional 26%, and would become the largest shareholder.
why it matters
The transaction shows that large private equity funds are interested in automotive electronics and connected-vehicle systems in India. The mandatory open offer could add demand for Pricol Autotech shares after listing, but the deal mainly concerns one company rather than the broader market.
market impact
Pricol Autotech: a new largest shareholder and a mandatory 26% open offer are the key factors for the shares
tags
instruments
sources
- Pricol promoters to sell entire stake in demerged connected vehicle business to Warburg Pincus — Moody's, 14 November 2026 at 02:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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