Now Reading: Advent, EQT eye Pricol’s demerged smart mobility business
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Advent, EQT eye Pricol’s demerged smart mobility business
Global private equity firms Advent International and EQT are evaluating an investment in Pricol's demerged driver information and connected vehicle solutions (DICVS) business, three people familiar with the matter said. The deal…
The Story in Brief
Global private equity firms Advent International and EQT are evaluating an investment in Pricol's demerged driver information and connected vehicle solutions (DICVS) business, three people familiar with the matter said. The deal could be worth around Rs 5,000 crore, and the promoters will not dilute any stake. The demerger, approved by Pricol's board on 27 June, will create a separate entity called Pricol Autotech Ltd. The DICVS business posted a turnover of Rs 2,424.63 crore in financial year 2026, accounting for 61.17% of Pricol's consolidated revenue. Pricol said the fundraise information is speculative, and the demerger is pending stock exchange and regulatory approvals.
The Indian Opinion
The usual narrative of 'global PE signalling India's auto-tech boom' needs a pinch of salt. The deal is still early-stage, due diligence pending, and Pricol itself calls the fundraise talk 'speculative'. Promoters are not selling any stake, so the true test will be the final valuation, and whether the demerger gets all regulatory nods. Watch for the price at which the PE firms actually commit.
Source: livemint.com
This story was synthesised by AI from the source linked above.
