Acquisitions14 Nov 2025, 06:02 pm
Gulf Oil Lubricants India Acquires Additional 14.18% Stake in Subsidiary Tirex Transmission
AI Summary
Gulf Oil Lubricants India Ltd has acquired an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited. The acquisition comprises 11,71,929 equity shares of face value of INR 10 each, at a price of INR 3325 per share. The total consideration paid by the company for this acquisition is INR 38.09 crores. Post-acquisition, the company's stake in Tirex stands at 65.18%, which translates to 53,86,584 equity shares of face value of INR 10 each.
Key Highlights
- Gulf Oil Lubricants India Ltd has acquired an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited.
- The acquisition comprises 11,71,929 equity shares of face value of INR 10 each, at a price of INR 3325 per share.
- The total consideration paid by the company for this acquisition is INR 38.09 crores.
- Post-acquisition, the company's stake in Tirex stands at 65.18%, which translates to 53,86,584 equity shares of face value of INR 10 each.