Gabriel India Revises Joint Venture Agreement with Inalfa Roof Systems Group

Gabriel India Ltd., a leading automotive components manufacturer, has announced a revised Joint Venture Agreement with Inalfa Roof Systems Group B.V. The revised agreement, which will supersede the earlier one initialled in May 2023, will see Inalfa's shareholding reduced to 35% from the initial 51%, with Gabriel India holding the remaining 65%. The revised agreement is subject to PN3 approval. Additionally, Gabriel India has approved the execution of an amended and restated Technical Collaboration and Alliance Agreement, an addendum to the Corporate Service Agreement, a Brand License Agreement, and an Investment Agreement. These agreements will be executed upon receipt of necessary approvals.