Merger11 May 2026, 07:51 pm
Gabriel India: NCLT Approves Composite Scheme of Arrangement
AI Summary
The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned the Composite Scheme of Arrangement for Gabriel India Limited. The scheme involves the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the Demerged Undertaking of Asia Investments Private Limited into Gabriel India Limited. The order, dated May 11, 2026, is available on the NCLT website. Gabriel India is awaiting the certified copy of the order and will intimate the stock exchanges upon receipt.
Key Highlights
- NCLT Mumbai Bench approves Composite Scheme of Arrangement for Gabriel India.
- The scheme includes amalgamation of Anchemco India with Asia Investments.
- It also involves the demerger of Asia Investments' undertaking into Gabriel India.
- Gabriel India is awaiting the certified order copy from NCLT.
- The company will notify stock exchanges after receiving the certified order.