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Shriram Pistons, India subsidiary SEL acquires TGPEL Precision Engineering

On December 24, Shriram Pistons & Rings Ltd. (SPRL) announced that its wholly owned subsidiary, SPR Engenious Limited (SEL), has acquired 100% shareholding in TGPEL Precision Engineering Limited (TGPEL) for INR 2,176.3 million. With this acquisition, TGPEL has become a subsidiary of SEL and a step-down subsidiary of ....

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