Pricol Approves Rs 1663 Crore Warburg Pincus Stake Sale In Autotech

Board approved SPA for Warburg Pincus affiliate Topaz Terrace to buy promoters' entire 38.51% stake (4,69,34,833 shares) in Pricol Autotech for up to Rs 1663.07 Cr post-demerger listing. First promoter monetisation after long stable holding; brings long-term capital partner to scale demerged DICVS electronics while promoters stay with Pricol's ACFMS and polymer arms. Warburg to become largest holder with control after mandatory open offer for up to 26%; promoters to exit Autotech. Close after demerger, listing, open offer expiry and CCI; Pricol gets no proceeds.