Gabriel India Acquires 28.99% Stake in HL Mando ANAND India

Gabriel India Ltd's Board of Directors approved the acquisition of 28.99% equity share capital in HL Mando ANAND India Private Limited (formerly Mando Automotive India Private Limited) from its promoter, Asia Investments Private Limited. The acquisition involves 4,81,34,427 equity shares at ₹463.50 per share. The total consideration is up to ₹18,81,03,05,962, to be discharged through a preferential allotment of 1,44,04,204 Gabriel India shares to Asia Investments Private Limited at ₹1,305.89 per share, and a cash consideration of ₹3,50,00,00,953. This move positions Gabriel India as the ANAND Group's growth vehicle in the automotive components sector. The board also approved un-audited financial results for the quarter ended June 30, 2026, and alterations to the company's Memorandum and Articles of Association.