Shriram Pistons acquires assets for ₹10 Crore in first tranche
Shriram Pistons & Rings Limited has completed the first tranche closing of an Asset Purchase Agreement (APA) with Sunbeam Lightweighting Solutions Private Limited, a subsidiary of Craftsman Automation...
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Why is Shriram Pistons & Rings Limited in the news today?
Shriram Pistons & Rings Limited (SHRIPISTON) is in the news due to the company has successfully acquired assets through an agreement, indicating business expansion and operational strengthening.
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Shriram Pistons acquires assets for ₹10 Crore in first tranche
December 31, 2025, 12:36 PM
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More Details on This News
Shriram Pistons & Rings Limited has completed the first tranche closing of an Asset Purchase Agreement (APA) with Sunbeam Lightweighting Solutions Private Limited, a subsidiary of Craftsman Automation Limited. The company has acquired identified plant and machinery and related assets forming part of a piston manufacturing line.
The acquisition was made on a piecemeal basis for ₹10 Crore as part of the first tranche. The balance acquisition of assets will be completed in subsequent tranches, subject to the fulfillment of stipulated closing conditions and deliveries.
This transaction is structured as a purchase of identified assets and does not involve the acquisition of the Seller entity. It is undertaken on an arm's length basis and does not qualify as a related party transaction.
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