Competitor Minda Corporation recently acquired 15.7 % stake in Pricol in the open market

Taken steps to fend off hostile takeover: Pricol MD

The whole episode, Mohan said, has given him more energy - with everyone ranging from the top customers, suppliers, industry peers, employees, investors, shareholders, endorsing their support.

Pricol will not be for sale even if someone offers Rs 1000 a share: MD

See less merit in this transaction to be just a financial investment and believe it to have a strategic intent to either acquire Pricol in full or seek controlling stake or buyout of the instrument cluster division, say analysts

Pricol management vows to remain in control, charts ₹600-cr expansion plan

Stocks In Focus: Minda Corp, Asian Paints, Tata Motors & More Asian Paints to set up manufacturing plant in Gujarat. Minda Corp to remain a minority stakeholder in Pricol with no special rights.

Stocks In Focus: Minda Corp, Asian Paints, Tata Motors & More

It currently only has a minority stake in Pricol and hence no synergies are expected from the acquisition

Minda Corp - Acquisition Of A 15.7% Stake In Pricol, Purely A Financial Investment: Axis Securities

MCL bought Pricol’s shares at a price of Rs 208.98 per share. This is an open-market transaction and no prior approvals have been obtained

Minda Corp slips 9% in 3 days after it acquires 15.7% stake in Pricol

The shares in Pricol are purchased solely for the investment of the surplus funds available with the company, he added

Minda Corp will be a minority shareholder in Pricol with no special rights: Akash Minda

Minda acquired 1.91 crore shares comprising ~15.7% of share capital of Pricol for ~Rs 400 crore (~Rs 209 per share).

Minda Corp - Acquires Stake In Pricol As Financial Investment, Strategic Intent Not Dispelled: ICICI Direct

Action seen in Auto OEMs as mergers and acquisitions become prevalent. SAMIL To acquire 100% stake in SAS Autosystemtechnik for Euro 540mn, with deal valued at EV/EBIDTA 5.2x (CY22 ), the target company is leading global provider of cockpit module assembly for the automotive industry. Lumax Auto Technologies to acquire 75% stake in IAC Group’s India business for Rs 587cr at EV/EBIDTA 6.2x (CY22). The target company is Tier-1 interior systems and components supplier. Minda Corp cquired 15.7% stake in Pricol for Rs 400 crore as financial investment.SAMIL and Lumax Auto Tech rose between 4-13 percent in the day’s trade. Sharad Dubey explains more. Here's all you need to know.

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Auto OEM M&A: In Focus SAMIL & Lumax Auto Tech  | Explained | ET Now

Stocks to watch before going into trade today.

Stocks To Watch: HUL, Ambuja Cements, ACC, Max Ventures, KEC International, Pricol

Pricol is a major player in the connected vehicle solutions and telematics segment of the auto component industry

Minda Corp set to focus on organic growth after 15.7% Pricol buy

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Pricol Limited offers oil pumps and auto components for motor vehicles, motor cycles and three wheelers

Pricol Ltd