Shriram Pistons & Rings to Acquire 100% Stake in Karna Intertech

Shriram Pistons & Rings Limited (SPRL) entered into an agreement on March 7, 2025, to acquire a 100% stake in Karna Intertech Private Limited. 

About Karna Intertech Private Limited

Karna Intertech is a manufacturing company specialising in die-casting moulds. The company was established in 1981 and operates a well-equipped tool room in Bahadurgarh, Haryana. It has advanced CNC machinery and CAD/CAM technology for high-precision mould production. Karna’s revenue for the last three financial years has been:  

• FY 2023-24: ₹49.98 million  
• FY 2022-23: ₹46.02 million  
• FY 2021-22: ₹37.78 million  

Purpose and Benefits of Acquisition

SPRL relies on Karna for high-quality gravity die-casting moulds used in piston manufacturing. The acquisition ensures better synergy, secures a critical supplier and helps maintain control over sensitive mould designs. This move is expected to strengthen SPRL’s manufacturing capabilities and support its long-term growth.

Transaction Details

• Purchase Price: ₹50 million  

• Consideration Mode: Cash payment  
• Shareholding Acquired: 100% of Karna’s equity shares  
• Completion Timeline: Expected by April 15, 2025

About SPRL

SPRL is a leading manufacturer of pistons, piston rings and engine components. With a strong focus on quality, innovation and precision engineering, SPRL serves both domestic and international automotive markets, ensuring high-performance products for evolving industry needs.  

Share performance 

As of March 10, 2025, at 9:35 AM, the shares of SPRL are trading at ₹1,854.85 per share, reflecting a loss of 0.67% from the previous day’s closing price. Over the past month, the stock has registered a loss of 7.52%. The stock’s 52-week high stands at ₹2,399.00 per share, while its low is ₹1,410.10 per share.

Conclusion 

The acquisition of Karna Intertech by SPRL is a strategic move to integrate a critical supplier into its operations, ensuring long-term growth and efficiency. With Karna’s expertise in die-casting moulds, SPRL can enhance its manufacturing capabilities and maintain high-quality production standards.

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