Pricol Ltd agrees to sell promoter group’s 38.51% stake in Pricol Autotech to Warburg Pincus affiliate for up to ₹1,663.07 crore
- Topaz Terrace Investments will also make a mandatory open offer for up to a further 26% stake.
- The sale is conditional on the DICVS demerger becoming effective, Pricol Autotech’s listing and regulatory and other approvals.
- DICVS reported about ₹2,400 crore in FY26 revenue, around 60% of Pricol’s consolidated revenue; Pricol’s other businesses will remain with Pricol and its wholly owned subsidiary.