Gabriel India Executes JV & SPA for HL Klemove Stake Acquisition

Gabriel India Limited has executed a Joint Venture Agreement (JVA) and Share Purchase Agreement (SPA) to acquire a 30% minus one equity share stake in HL Klemove India Private Limited. This follows a previous disclosure on July 21, 2026. The transaction's consummation is scheduled for August 24, 2026, or a mutually agreed upon date. Upon completion, HL Klemove India Private Limited will become an associate company of Gabriel India Limited, signifying a strategic expansion and deepening of its business relationships.