Gabriel India Limited — JV/Acquisition, 21-07-2026: Acquisition

Gabriel India is acquiring a 28.99% stake in HL Mando Anand India (HMAI) for ₹2,231.03 Cr. HMAI, a leading auto component manufacturer with ₹5,425 Cr turnover (FY25), will strengthen Gabriel's product portfolio, adding steering, braking, and suspension systems. This strategic move consolidates the ANAND Group's automotive components business, positioning Gabriel as a key growth vehicle and enhancing long-term shareholder value through operational synergies. The consideration involves new Gabriel shares for promoter Asia Investments (raising its stake to ~46.98%) and cash. HMAI will become an associate, impacting Gabriel's consolidated financials.