Gabriel India allots shares under NCLT-approved demerger scheme
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Smallcap 250 and 2.9 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gabriel India allotted 3,35,86,081 equity shares (face value Re. 1) to shareholders of Asia Investments Private Limited under an NCLT-approved Composite Scheme of Arrangement. This relates to the demerger of the Demerged Undertaking of Asia Investments into Gabriel India. Post-allotment, paid-up capital increased to Rs. 17,72,30,023 divided into 17,72,30,023 shares. New shares rank pari-passu with existing shares and are proposed to be listed on BSE and NSE.
Dilution for existing shareholders due to new share issuance; listing of new shares on BSE and NSE pending.