Gabriel India Acquires 28.99% in HL Mando ANAND for ₹1881 Cr
Gabriel India's Board of Directors met on July 21, 2026, approving several key actions. The company approved its unaudited financial results for the quarter ended June 30, 2026. Significantly, the board approved the acquisition of a 28.99% stake in HL Mando ANAND India Private Limited from its promoter, Asia Investments Private Limited. This acquisition involves 4,81,34,427 equity shares at ₹463.50 per share. The total consideration for this acquisition is ₹18,81,03,05,962, which will be discharged partly through a preferential allotment of 1,44,04,204 equity shares to Asia Investments Private Limited at ₹1,305.89 per share, and the balance ₹3,50,00,00,953 in cash. This move is strategic, aiming to position Gabriel India as the ANAND Group's growth and business consolidation platform in the automotive components sector. Additionally, the board approved alterations to the company's Memorandum and Articles of Association, subject to shareholder approval.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- Gabriel India to acquire 28.99% of HL Mando ANAND for ₹1881 Cr.
- Acquisition consideration includes preferential share allotment and cash.
- Strategic move to consolidate automotive components business.
- Alterations to MOA and AOA approved, subject to shareholder vote.
Price Impact
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