Warburg Pincus to acquire 38.51% stake in Pricol Autotech

Coimbatore-based automotive tech and precision components company Pricol Limited said on Friday that its Board had approved the sale of the entire 38.51% shareholding of Pricol’s promoters in Pricol Autotech Limited to PE major Warburg Pincus.

Pricol had originally announced plans to demerge its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited in June 2026.

Warburg to make open offer for additional 26% Warburg Pincus will make a mandatory open offer to public shareholders and complete the acquisition of the promoter’s stake, making it Pricol Autotech’s largest shareholder.

In line with SEBI regulations, the open offer will allow Warburg Pincus to acquire up to an additional 26% of Pricol Autotech’s share capital.

Pricol sees growth potential following demerger “The proposed demerger will give Pricol Autotech the focus and independence to realise its full potential.