SHRIPISTON

MUMBAI, Feb 20 (Reuters) - India's Shriram Pistons and Rings has accepted bids worth 10 billion rupees ($109.94 million) through sale of bonds maturing in 18 months and in two years, three merchant bankers said on Friday.

The company will offer a coupon of 7.30% and 7.35% on these issues, respectively, and the coupon would be payable quarterly.

It had invited bids earlier in the day. The coupon would be raised by 25 basis points for every rating downgrade, bankers said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on February 20:

*Size includes base plus greenshoe for some issues

($1 = 90.9600 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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MUMBAI, Feb 18 (Reuters) - India's Shriram Pistons and Rings is planning to raise 10 billion Indian rupees ($110.34 million) through sale of bonds maturing in 18 months and in two years, two merchant bankers said on Wednesday.

The company will offer a coupon of 7.30% and 7.35% on these issues respectively, and the coupon would be payable quarterly.

It has invited bids for the issue on Friday, and the coupon would be stepped up by 25 bps for every notch of rating downgrade.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on February 18:

*Size includes base plus greenshoe for some issues

($1 = 90.6270 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)

(([email protected]))

Feb 2 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS DEC-QUARTER CONSOL NET PROFIT 1.23 BILLION RUPEES

• SHRIRAM PISTONS & RINGS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.23 BILLION RUPEES

• SHRIRAM PISTONS & RINGS LTD - APPROVES DIVIDEND OF 5 RUPEES PER SHARE

• SHRIRAM PISTONS: ISSUANCE OF NCDS UP TO 10 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: [ID:]

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** Shares of Shriram Pistons and Rings SHIE.NS jump 5.5% to 2,994.40 rupees

** Auto parts maker looks set for third-straight session of gains following deal for Grupo Antolin's Indian units

** SHIE up ~15% over three sessions

** Emkay Global ("buy") raises stock's PT to 4,650 rupees from 3,400 rupees; lifts FY27, FY28 revenue estimates by 30%

** Brokerage likes SHIE's diversification into automobile interiors and away from core powertrain components

** Stock up ~36.5% so far this year, outperforming top auto stocks' .NIFTYAUTO ~21% YTD gain

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 1 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• CONSOL JUNE QUARTER NET PROFIT 1.34 BILLION RUPEES

• JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 9.63 BILLION RUPEES

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** Shares of Shriram Pistons & Rings SHIE.NS surge 15.3% to 2,146 rupees

** Stock set for biggest one-day pct gain since June 2016

** Auto parts maker reports net profit of 1.47 billion rupees for March-qtr, up ~23% y/y

** Co also recommends final dividend of 10 rupees per share for FY25

** Stock logs most active trading session on record; volumes at 22.3x the 30-day avg

** Session's gains trim YTD losses to 1.8%

(Reporting by Manvi Pant in Bengaluru)

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April 1 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SPRL COMPLETES ACQUISITION OF KARNA INTERTECH

Source text: ID:nBSE8xhwD1

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March 7 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• TO ACQUIRE 100% EQUITY STAKE IN KARNA INTERTECH

• COST OF ACQUISITION 50 MILLION RUPEES

Source text: ID:nNSE7vT5Sj

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Feb 28 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS LTD - GOT ORDER SEEKING TAX DEMAND OF 29.7 MILLION RUPEES

Source text: ID:nBSE1B8RHQ

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Dec 24 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS LTD - SEL TO ACQUIRE 100% SHAREHOLDING IN TGPEL

• SHRIRAM PISTONS & RINGS LTD - SEL COMPLETES ACQUISITION OF TGPEL

Source text: ID:nNSE3zxrFg

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Dec 10 (Reuters) - Asahi India Glass Ltd AISG.NS:

• ASAHI INDIA GLASS- CO, SHAREHOLDERS IN TGPEL PRECISION ENGINEERING SIGN AGREEMENT WITH SPR ENGENIOUS

• ASAHI INDIA GLASS LTD -AGREEMENT FOR SALE OF ITS 30% STAKE IN TGPEL

• ASAHI INDIA GLASS LTD - DEAL AT 660 MILLION RUPEES

Source text: ID:nBSEb4XTRx

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Dec 5 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS - EXECUTED RENEWAL OF TECHNICAL COLLABORATION AGREEMENT WITH FUJI OOZX

• SHRIRAM PISTONS & RINGS - AGREEMENT FOR FIVE YEARS EFFECTIVE FROM DECEMBER 5, 2024

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Oct 28 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.25 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.77 BILLION RUPEES

Source text: ID:nNSEbTGgNT

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July 25 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS JUNE-QUARTER CONSOL NET PROFIT 1.15 BILLION RUPEES

• SHRIRAM PISTONS & RINGS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.37 BILLION RUPEES

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May 13 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS LTD - FINAL DIVIDEND 10 RUPEES PER SHARE

• SHRIRAM PISTONS & RINGS LTD - RE-APPOINTS KRISHNAKUMAR SRINIVASAN AS CEO, MD

Source text for Eikon: ID:nNSEb7v4Sn

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March 27 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS - UNIT STARTED ITS MANUFACTURING OPERATIONS AT ITS MANUFACTURING FACILITY IN MADHYA PRADESH

Source text for Eikon: [ID:]

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** India's Shriram Pistons & Rings SHIE.NS surges ~12%, set for its biggest one-day jump since mid-2017 listing

** Emkay Global starts coverage of the auto parts maker with "buy", becoming the first brokerage to cover SHIE, per LSEG data

** Sets PT of 2,450 rupees, upside of 70% over last close and vs current price of 1,614.55 rupees

** Emkay says curtailment of fresh investments in ICE parts globally, export tailwinds for India provide room for SHIE to grow as "the last man standing" in its domain

** Broker notes SHIE has ~40-45% market share in ICE and over 90% in CNG; Expects EV products, powertrain-agnostic parts at ~10% of FY26 sales

** Stock up ~11% YTD; had risen 37-40% in 2021, 2022 before rocketing 154% last year

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Shriram Pistons & Rings SHIE.NS rise as much as 5% to 1,605.20 rupees, hits a record high

** About 138,470 shares change hands in three block deals for 1585.25-1605.20 rupees apiece, per LSEG data

** SHIE shares, last up 4.6%, on track for third consecutive session of gains, if trend holds

** More than 573,900 shares change hands, 2.4x the 30-day avg

** Stock more than doubled in 2023, posting third straight yearly gains

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Shriram Pistons & Rings SHIE.NS locked in upper circuit, rising 5% to 1,158.75 rupees

** Stock up after 3.9 mln shares change hands in a single block deal vs 30-day moving avg of ~189,000 shares, data on NSE showed

** Deal priced at the last close of 1,103.60 rupees

** Stock more than doubled YTD

(Reporting by Kashish Tandon)

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** Shares of Shriram Pistons & Rings SHIE.NS rise 5% to 1,054.75 rupees

** Co on Monday reported 56% surge in Q2 profit, lifted by strong sales, with revenue surging 15%

** About 362,000 shares change hands, 18x 30-day avg

** SHIE shares have nearly doubled so far this year

(Reporting by Sethuraman NR in Bengaluru)

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Nov 6 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• INDIA'S SHRIRAM PISTONS & RINGS SEPT-QUARTER CONSOL NET PROFIT 1.14 BILLION RUPEES VERSUS PROFIT 729.8 MILLION RUPEES

• SHRIRAM PISTONS & RINGS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.52 BILLION RUPEES VERSUS 6.52 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SHIE.NS

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July 28 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• KS KOLBENSCHMIDT GMBH, GERMANY, EXPRESSES INTENTION TO SELL 20.32% STAKE IN CO

Source text for Eikon: ID:nNSE87dCZ8

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June 13 (Reuters) - Shriram Pistons & Rings Ltd SHIE.NS:

• SHRIRAM PISTONS & RINGS LTD - APPROVED BONUS ISSUE OF EQUITY SHARES IN PROPORTION OF 1:1

Source text for Eikon: ID:nNSE8syp46

Further company coverage: SHIE.NS

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