Gabriel India Limited has announced the execution of a Joint Venture Agreement (JVA) and Share Purchase Agreement (SPA) for the acquisition of a 30% minus one equity share stake in HL Klemove India Private Limited. The transaction, finalized on August 21, 2026, is set to be consummated on August 24, 2026. Upon completion, HL Klemove India Private Limited will become an Associate Company of Gabriel India Limited, enhancing its strategic positioning.
Strategic Acquisition Update
Further to its prior disclosure dated July 21, 2026, Gabriel India Limited has confirmed the execution of key agreements for the acquisition of a significant stake in HL Klemove India Private Limited. The company has finalized a Joint Venture Agreement (JVA) and a Share Purchase Agreement (SPA) on August 21, 2026. This move pertains to the acquisition of 30% minus one (1) equity share in HL Klemove India Private Limited, the target company.
Key Transaction Details
The consummation of the purchase of Sales Shares, as defined in the SPA, is scheduled to take place on August 24, 2026. Alternatively, this date may be adjusted based on mutual written agreement between the parties involved. This strategic acquisition is expected to foster growth and operational synergy for Gabriel India Limited.
Associate Company Status
Upon the successful completion of this transaction, HL Klemove India Private Limited will officially transition to become an Associate Company of Gabriel India Limited. This development is a key step in Gabriel India’s ongoing strategy for expansion and market consolidation within the automotive components sector.
Source: BSE
