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