Investment5 Nov 2025, 07:14 pm
Gulf Oil Lubricants India Ltd to Acquire Additional 14.18% Stake in Subsidiary Tirex Transmission Private Limited
AI Summary
Gulf Oil Lubricants India Limited ('the Company') announced the acquisition of an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited ('Tirex'), for a total investment of INR 38.09 Crores. This strategic investment is expected to increase the Company's stake in Tirex to 65.18%. The acquisition is subject to customary closing conditions and is expected to be completed within 2-3 months.
Key Highlights
- Acquisition of 14.18% additional stake in Tirex Transmission Private Limited
- Total investment of INR 38.09 Crores
- Post-acquisition stake to increase to 65.18%
- Acquisition to be completed within 2-3 months
- Strategic investment in line with the Company's growth potential