Gabriel India Acquisition Worth ₹935 Cr
Gabriel India Limited is acquiring a 30% (less one share) stake in HL Klemove India for approximately ₹935 crore. This strategic joint venture focuses on autonomous driving and ADAS.
- Value
- ₹935.0 Cr
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Gabriel India Limited is acquiring a 30% (less one share) stake in HL Klemove India for approximately ₹935 crore. This strategic joint venture focuses on autonomous driving and ADAS.
Gabriel India Limited executed a Joint Venture and Share Purchase Agreement to acquire a 30% minus one equity share in HL Klemove India Private Limited.
NCLT Mumbai Bench sanctioned Gabriel India's Composite Scheme of Arrangement involving amalgamation and demerger. The restructuring aims to reposition the company as a diversified technology-driven mobility solutions provider.