Announced Fri, 21 Aug · 15:11 IST
Gabriel India signs JV and SPA for 30% stake in HL Klemove India
GABRIEL · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1429.90
prior close
₹1419.70
base price
In-mkt
timing
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AI summary
Gabriel India has signed a Joint Venture Agreement and Share Purchase Agreement to buy 30% minus one equity share in HL Klemove India. Following its July 21, 2026 disclosure, the share purchase will close on August 24, 2026. After completion, HL Klemove India will become an Associate Company of Gabriel India.
Likely market impact
Strengthens Gabriel India's auto component presence via associate company tie-up with HL Klemove India.