Gabriel India signs JV and SPA for 30% stake in HL Klemove India
GABRIEL · price
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On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.4 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 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.
Strengthens Gabriel India's auto component presence via associate company tie-up with HL Klemove India.