
Joint Venture31 Dec 2025, 04:37 pm
Gabriel India Extends First Tranche Long Stop Date in Joint Venture Agreement with SK Enmove Co., Ltd.
AI Summary
Gabriel India Ltd. has announced an extension of the First Tranche Long Stop Date in its Joint Venture Agreement with SK Enmove Co., Ltd. The initial deadline of November 30, 2025, which was previously extended to December 31, 2025, has now been revised to February 28, 2026. This extension aims to provide additional time for the successful completion of the remaining First Tranche Conditions Precedent. The Joint Venture Agreement was initially proposed on October 07, 2025, and the Joint Venture Company's incorporation activities were initiated on November 30, 2025. The Wholly Owned Subsidiary of the Company, SK Enmove Gabriel India Private Limited, was incorporated on December 18, 2025.
Key Highlights
- Gabriel India extends First Tranche Long Stop Date in Joint Venture Agreement with SK Enmove Co., Ltd.
- Initial deadline of November 30, 2025, extended to February 28, 2026
- Extension aims to provide additional time for the completion of remaining First Tranche Conditions Precedent
- Joint Venture Agreement proposed on October 07, 2025
- Incorporation activities for the Joint Venture Company initiated on November 30, 2025
- Wholly Owned Subsidiary, SK Enmove Gabriel India Private Limited, incorporated on December 18, 2025