Gabriel India to acquire 28.99% in HL Mando ANAND; Q1 PAT up 15%
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Gabriel India board approved acquiring 28.99% in HL Mando ANAND India from promoter Asia Investments for Rs 2,231 crore. Paid via Rs 350 crore cash plus 1.44 crore preferential shares at Rs 1,305.89 to promoter, raising its stake to 46.98%. Also buying 30% minus 1 share in HL Klemove India for USD 98.44 million. Q1 FY27 standalone PAT up 15% YoY at Rs 760 million, revenue Rs 12,742 million.
Acquisition aligns Gabriel with Anand Group consolidation strategy. Promoter stake rises to 46.98%, slight public dilution.