Gabriel India announces Project Jupiter acquisitions of HL Mando and HL Klemove stakes

Promoter Disclosed Acquisition PlansAnalyst Day Multiyear TargetsInvestor Communications View source PDF

GABRIEL · price

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AI summary

Gabriel India unveiled Project Jupiter: acquiring 28.9% in HL Mando Anand for about Rs 2,231 Cr (via share swap of about Rs 1,881 Cr and Rs 350 Cr cash) and 29.99% in HL Klemove India for about Rs 935 Cr cash in two tranches. Deals target about 13% incremental EPS accretion on top of 38% from Project Rise. HL Mando Anand posted FY26 revenue of Rs 5,886 Cr and Adj EBITDA of Rs 639 Cr. Management reiterated group revenue target of Rs 50,000 Cr by 2030.

Likely market impact

Acquisitions expand Gabriel into steering, brakes, ADAS and electronics, boosting EPS by about 13% and accelerating long-term growth.