Corporate Action11 Sept 2026, 10:40 pm
Gabriel India Allots 1.44 Cr Shares to Promoter Asia Investments
AI Summary
Gabriel India Ltd has approved the allotment of 1,44,04,204 equity shares to Asia Investments Private Limited (AIPL), a promoter. This allotment is on a preferential basis, for consideration other than cash, as part of the acquisition of equity shares in HL Mando ANAND India Private Limited from AIPL. The Board of Directors passed a resolution by circulation on September 11, 2026, to effect this allotment, following prior approvals from the company's members at the Annual General Meeting held on August 19, 2026.
Key Highlights
- Allotment of 1.44 crore equity shares to promoter AIPL.
- Shares allotted on preferential basis for non-cash consideration.
- Part of acquisition of equity shares in HL Mando ANAND India.
- Board approved allotment via resolution passed by circulation.
Price Impact
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