# Pricol promoters to sell stake in Pricol Autotech to Warburg Pincus for up to ₹1,663 crore — retained record

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source: [news](https://highsignal.app/data/news) (news:india-cnbc-tv18)  published 2026-11-13 18:14 ingested 2026-11-14 03:04

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Pricol promoters to sell stake in Pricol Autotech to Warburg Pincus for up to ₹1,663 crore
- Published OnNov 13, 2026 | 23:43 IST
- Last Updated OnNov 13, 2026 | 23:44 IST
Warburg Pincus is acquiring a controlling stake in Pricol's spun-off connected vehicle division following a demerger and subsequent public listing, alongside a mandatory open offer for public shareholders. Find out how the Mohan family plans to manage remaining operations.
Private equity major Warburg Pincus will acquire the auto-component manufacturer Pricol Ltd's promoter group's entire 38.51% stake in Pricol Autotech for a consideration of up to ₹1,663.07 crore, following the proposed demerger of Pricol Ltd's Driver Information and Connected Vehicle Solutions (DICVS) business into the new entity, the companies announced on Friday (November 13).
The proposed transaction involves the sale of 4.69 crore equity shares of Pricol Autotech by members of the promoter and promoter group, including Vijay Mohan, Vikram Mohan and Vanitha Mohan, along with other family members and promoter group entities, to Topaz Terrace Investments B.V., an affiliate of Warburg Pincus LLC.
The agreement was approved by Pricol's board on November 13. The acquisition will be completed after the demerger becomes effective, Pricol Autotech's shares are listed on the National Stock Exchange of India (NSE) and BSE, the open offer period expires, and other agreed conditions are fulfilled, including approval from the Competition Commission of India (CCI).
ALSO READ | Pricol Q4 Results: Net profit declines 16% to ₹35 crore; Revenue rises 32%
Open Offer For Additional 26% Stake
Following the demerger and listing, Warburg Pincus will make a mandatory open offer to public shareholders of Pricol Autotech to acquire up to an additional 26% of the company's share capital, in accordance with the Securities and Exchange Board of India's (SEBI) takeover regulations.
Upon completion of the proposed acquisition and the open offer, Warburg Pincus will acquire control of Pricol Autotech. The existing sellers will cease to be in control of the company and will seek reclassification from its promoter and promoter group category, subject to applicable laws.
Pricol Ltd will not receive any consideration from the proposed transaction. The entire consideration of up to ₹1,663.07 crore will be paid to the promoter group members and entities selling their stake in Pricol Autotech.
Pricol Autotech To House ₹2,400 crore business
Pricol's board had approved the scheme of arrangement for the demerger of its DICVS business into Pricol Autotech on June 27, 2026. Under the scheme, eligible shareholders of Pricol Ltd are expected to receive one fully paid-up equity share of Pricol Autotech for every one equity share held in Pricol Ltd. Pricol Autotech is proposed to be listed on the NSE and BSE after the demerger.
ALSO READ | Pricol Q1 profit jumps 34% as revenue crosses ₹1,100 crore
The DICVS business reported revenue of approximately ₹2,400 crore in FY26, accounting for around 60% of Pricol's consolidated revenue.
Pricol Autotech will house the DICVS portfolio, which includes instrument clusters, telematics, sensors and e-cockpit solutions. The business serves original equipment manufacturers (OEMs) across two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and off-highway segments.
Pricol's Other Businesses To Remain With Mohan Family
Following the proposed demerger, Pricol Ltd will continue to operate its Actuation, Control and Fluid Management Systems (ACFMS) business. Its Polymer business will continue through its wholly owned subsidiary, Pricol Precision Products Private Ltd.
Both businesses will remain under the ownership and management of the existing promoter group, the Mohan family, with no change in their shareholding.
Vikram Mohan, Chairman and Managing Director of Pricol Ltd, said, "Over five decades, Pricol has grown from a small Coimbatore factory into a trusted technology partner to vehicle manufacturers, with our driver information and connected vehicle business at the heart of that journey.
The proposed demerger will give Pricol Autotech the focus and independence to realise its full potential. We believe Warburg Pincus, with its long and storied history both in India and globally, extensive resources, global connections and deep automotive sector expertise, is the right custodian to take the business forward into the next phase of its growth story.
ALSO READ | Pricol Q2 Results | Net Profit jumps 42% on 51% revenue growth; dividend declared
We are proud of what our people have built and confident that we are placing Pricol Autotech in capable hands for its next chapter of growth. We will continue to focus on growing the businesses of Pricol to achieve greater success."
The proposed scheme and transaction remain subject to applicable approvals and conditions, including approvals from shareholders, creditors, stock exchanges, SEBI, the National Company Law Tribunal (NCLT) and the CCI, as relevant.
Veda Corporate Advisors acted as the exclusive financial advisor to the promoters, while Khaitan & Co and Ramani & Shankar Advocates served as their legal advisors. AZB & Partners acted as the legal advisor to Warburg Pincus, while Alvarez & Marsal India Private Ltd served as its financial and operations advisor.
Anish Saraf, Managing Director at WarburgPincus, said, "We are grateful to Vikram Mohan and the Pricol promoters for the trust they have placed in us. They and the management team have built an exceptional business with deep OEM relationships, strong engineering and product development capabilities, and a respected position in India’s automotive industry.
We recognise the responsibility that comes with building on this legacy. We look forward to partnering with Pricol Autotech’s management and employees to support the Company’s long-term ambitions and expand its presence in India and internationally."
Shares of Pricol Ltd ended at ₹747.60, up by ₹13.25, or 1.80%, on the BSE.
ALSO READ | Pricol scales a fresh 52-week high: What's fuelling uptrend in auto parts maker stock
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