Gabriel India Limited has informed the Exchange about intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, regarding entering into Joint Venture Agreement and Share Subscription Agreement between Gabriel India Limited and Jinos Co., Ltd by subscribing to equity shares of Jinhap Automotive India Private Limited
GABRIEL · price
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Gabriel India has approved a joint venture with South Korea-based Jinos Co., Ltd through Jinhap Automotive India Private Limited (JAIPL). Gabriel India will invest Rs. 26.83 crore to subscribe to equity shares of JAIPL, giving it a 51% stake and making JAIPL its subsidiary. Jinos will hold the remaining 49%. The JV will focus on designing, manufacturing, and selling fasteners for automotive and industrial applications, with Jinos's affiliate Jinhap Co., Ltd providing technology licensing. JAIPL, incorporated in 2011, currently has negligible operations with nil turnover over the past three years. The transaction is not a related party deal, is funded entirely through cash, and is expected to close by October 31, 2025.
This is a strategic diversification move for Gabriel India into the fastener segment, which complements its existing auto components portfolio and could strengthen ties with key OEM customers. The modest investment size (Rs. 26.83 crore for a majority stake) keeps financial risk low while opening a new revenue vertical, likely to be viewed positively by investors.