M&A

M&A

Pricol to demerge driver information and connected vehicle solutions business

Press Release  

Under the terms of the scheme, Pricol shareholders will be entitled to one fully paid-up equity share of Pricol Autotech with a face value of INR 1 for every one equity share held in Pricol. The company intends for Pricol Autotech to be listed on the National Stock Exchange and the BSE to facilitate independent growth strategies, streamlined capital allocation, and the unlocking of shareholder value.

For FY25, Pricol had reported about INR 2,529 Cr in Operating Income and about INR 142 Cr in PAT.