Shares of Shriram Pistons & Rings Ltd. (SPRL) Skyrocketed 9% on 5 December after the company announced signing of 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), a subsidiary of T2.

SPRL would purchase a 100% share in all three companies for €159 million (about Rs 1,670 crore). The acquisition is expected to be completed on 2 January 2026. The companies being bought work in the automotive components business.

SPRL stated that the acquisition is consistent with its strategic goal of improving its capabilities and expanding its footprint in the automotive components market. Antolin is a leading supplier of automotive interior solutions, manufacturing and selling products such as headliner substrates, modular headliners, sun visors, door panels, centre floor consoles, pillar trims, front-end carriers, overhead consoles, dome lamps, ambient lighting systems, touch panels, and capacitive pads to major OEMs in India.

SPRL stated that the acquisition will allow it to expand into product categories that are not dependent on powertrain technologies, strengthen its industry position, and produce long-term value for stakeholders.

As part of the agreement, SPRL will also enter into a technology license agreement with Grupo Antolin to ensure ongoing access to sophisticated technologies and support for future product development. The company stated that the transaction will be completed, provided the requirements listed in the Share Purchase Agreement are met.

At 12:04 pm, the shares of Shriram Pistons were trading 7.54% higher at Rs 2,823 on NSE.

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