Shareholding12 Jun 2026, 11:46 am
Gabriel India Promoter Shareholding Increases Post Scheme of Arrangement
AI Summary
Gabriel India Limited announced a change in its promoter and promoter group shareholding following a Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal. The scheme involved the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the automotive undertaking of Asia Investments Private Limited into Gabriel India Limited. As a consideration, Gabriel India issued equity shares to the shareholders of the demerged company. This has resulted in an increase of promoter shareholding from 55.03% to 63.55%. The disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Gabriel India's promoter shareholding rose to 63.55% post a Composite Scheme of Arrangement.
- The scheme involved amalgamation and demerger of entities, with shares issued as consideration.
- The National Company Law Tribunal sanctioned the scheme, effective from May 22, 2026.
- This shareholding change triggers disclosure requirements under SEBI Takeover Regulations.
Price Impact
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