Joint Venture9 Jul 2025, 03:08 pm
Gabriel India to Invest Rs. 26 Crore in Joint Venture with Jinos for Fastener Manufacturing
AI Summary
Gabriel India Ltd. has announced a joint venture agreement with Jinos Co., Ltd., a South Korean corporation. The joint venture will be named Jinhap Automotive India Private Limited (JAIPL) and will undertake the business of engineering, designing, developing, manufacturing, import, export, assembly, marketing, sales and distribution of fasteners for both automotive and industrial applications. Gabriel India will invest Rs. 26,82,84,100 to acquire 51% of the total paid-up equity share capital of JAIPL, making it a subsidiary. The agreement also includes a Share Subscription Agreement and a Technology License Agreement with Jinhap Co., Ltd., an affiliate of Jinos.
Key Highlights
- Gabriel India and Jinos to form a joint venture named Jinhap Automotive India Private Limited
- Joint venture to manufacture and sell fasteners for automotive and industrial applications
- Gabriel India to invest Rs. 26,82,84,100 for 51% shareholding, making JAIPL a subsidiary
- Inclusion of Share Subscription Agreement and Technology License Agreement
- JAIPL to gain access to proprietary technology and technical know-how for manufacturing a range of fasteners