SPR Auto Technologies Limited
Theleme India trimmed its stake in SPR Auto Technologies from 1.88% to 1.22%, selling 2,59,894 shares.
A manufacturer of pistons, piston pins, piston rings, and engine valves, Shriram Pistons supplies critical engine components to leading automotive companies across India and international markets. The company specializes in precision-engineered components for passenger vehicles, commercial vehicles, and two-wheelers. Its vertical integration in manufacturing and focus on quality control distinguish it as a reliable supplier in the auto components sector.
India equity vehicle of Theleme Partners, a London-based concentrated hedge fund founded in 2009 by Patrick Degorce (founding partner of TCI under Chris Hohn, ex-Merrill Lynch and Lehman). Theleme runs around USD 2 bn in 13F securities across a high-conviction global long book that frequently includes large Indian positions.