Asia Investments Private Limited has been allotted 1,44,04,204 equity shares of Gabriel India Limited through a preferential issue. This allotment, valued at Re. 1 per share, increases Asia Investments’ total holding to 9,00,21,283 shares, representing 46.98% of the total equity share capital. This transaction was completed on September 11, 2026, and aligns with SEBI regulations for substantial acquisitions.
Preferential Allotment Bolsters Stake
Gabriel India Limited has completed a significant preferential allotment of equity shares to Asia Investments Private Limited. A total of 1,44,04,204 equity shares, each with a face value of Re. 1, were issued and allotted to Asia Investments. This move is in compliance with the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Increased Shareholding
Following the allotment, Asia Investments Private Limited’s total holding in Gabriel India Limited has increased substantially. The company now holds 9,00,21,283 shares, which constitutes 46.98% of the total equity share capital. This represents a significant increase from its previous holding, which stood at 7,56,17,079 shares (42.67%) before the acquisition.
Transaction Details
The acquisition was facilitated through a Preferential Allotment, and the effective date of the allotment of shares was September 11, 2026. The total diluted share capital of Gabriel India Limited after this transaction stands at 1,91,634,227 shares. The company’s board has been duly informed of this change in shareholding as per regulatory requirements.
Source: BSE
