Gabriel India Limited has provided clarification regarding the valuation undertaken for its proposed acquisition of equity shares in HL Mando Anand India Private Limited. The valuation, based on audited financial statements for the year ended March 31, 2026, confirms no change in the equity share exchange ratio or terms of the acquisition and preferential issue. The transaction involves acquiring 28.99% of HMAI from promoter Asia Investments Private Limited, with consideration partly in equity shares and partly in cash.
Valuation Basis for Acquisition Clarified
Gabriel India Limited has issued a clarification concerning the valuation process for its proposed acquisition of equity shares in HL Mando Anand India Private Limited (HMAI). The company is acquiring 4,81,34,427 equity shares of HMAI, representing 28.99% of its paid-up equity share capital. This acquisition is being made from Asia Investments Private Limited (AIPL), a promoter of Gabriel India.
Consideration and Terms Unchanged
The consideration for the acquisition involves a preferential allotment of 1,44,04,204 equity shares of Gabriel India to AIPL, with the balance consideration to be discharged in cash. Gabriel India has confirmed that the valuation underpinning this transaction is based on the audited financial statements for the financial year ended March 31, 2026. Importantly, the company stated that there is no change in the equity share exchange ratio or in the terms of the proposed acquisition and the preferential issue, as previously approved by the Board of Directors and Members.
Valuation Report Availability
Further details regarding the joint valuation report, dated July 21, 2026, issued by KPMG Valuation Services LLP and BDO Valuation Advisory LLP, are available on Gabriel India’s official website. This clarification aims to provide transparency on the financial aspects of the significant transaction.
Source: BSE
