Al Mehwar Commercial Investments decreased its stake in Shriram Pistons & Rings Limited from 1.54% to 1.40%, selling 60,000 shares. The value of the shares sold is ₹25.02 crore at a price of ₹4169.90 per share.
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.
Al Mehwar Commercial Investments is an Abu Dhabi-based investment entity, linked to the Abu Dhabi Investment Council, that holds stakes in Indian listed companies.
