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Shriram Pistons and Rings Acquires 100% Stake in Karna Intertech to Strengthen Manufacturing

Written by: Team Angel OneUpdated on: Apr 2, 2025, 3:00 PM IST
Shriram Pistons & Rings Limited has officially acquired Karna Intertech Private Limited, making it a wholly owned subsidiary.
Shriram Pistons and Rings Acquires 100% Stake in Karna Intertech to Strengthen Manufacturing
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Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited by purchasing 100% of its shares. The acquisition process was completed on April 1, 2025. With this transaction, Karna has now become a fully owned subsidiary of SPRL. It acquired Karna through a cash transaction worth ₹50 million. 

Details of Karna Intertech Private Limited

Karna Intertech Private Limited specialises in manufacturing die-casting moulds. The company was founded on December 11, 1981, and operates from an advanced facility in Bahadurgarh, Haryana, equipped with modern CNC machines and CAD/CAM technology. The company’s revenue has steadily grown over the past 3years, reaching ₹49.98 million in the financial year 2023-24.

Purpose and Benefits of the Acquisition

Karna has been a key supplier to SPRL, providing essential die-casting moulds used in piston manufacturing. Since these moulds are based on confidential designs provided by SPRL, acquiring Karna ensures better control over production quality and intellectual property. This acquisition will help SPRL enhance operational efficiency and support future business expansion.

Share Performance 

As of April 02, 2025, at 10:20 AM, with a market capitalisation of ₹83.11 billion, Shriram Pistons & Rings share price is trading at ₹1,889.00 per share, reflecting a surge of 2.22% from the previous day’s closing price. Over the past month, the stock has registered a profit of 7.01%. The stock’s 52-week high stands at ₹2,399.00 per share, while its low is ₹1,665.05 per share.

Conclusion

The acquisition of Karna Intertech marks a significant step for SPRL in securing a reliable supply of high-quality die-casting moulds. This strategic decision not only enhances production efficiency but also ensures better control over key manufacturing processes. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 2, 2025, 3:00 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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