Anfilco Limited Becomes Shareholder in Gabriel India Limited Following Scheme of Arrangement
Anfilco Limited, acting on behalf of Anand Automobiles, has acquired a significant stake in Gabriel India Limited. The acquisition involved the issuance of 3,29,22,161 equity shares, bringing the entity's holding to 18.58% of the company's total shareholding.The transaction was executed through a Scheme of Arrangement. The shares, which have a face value of Re. 1/- each, were issued following an order dated May 11, 2026, from the National Company Law Tribunal (NCLT), Mumbai Bench, related to CP (CAA) No. 36/MB/2026.
The transaction details confirm that the shares were issued to, among others, Anfilco Limited and Anand Automobiles, through a share exchange ratio of "1158 equity shares of 71 each for every 1000 equity shares of 710 each held in the Demerged Company." This composite scheme of arrangement involved the Merger of Anchemco India Private Limited (formerly Andasia Private Limited) with Asia Investments Private Limited and the Demerger of Demerged Undertaking from Asia Investments Private Limited into Gabriel India Limited.
The acquired shares represent a substantial stake, leading to an increase in the aggregate shareholding of the entire promoter and promoter group. The combined holding advanced from 55.02% to 63.55% following the court-approved issuance of shares.
Acquisition Summary
The following table outlines the key details of the share acquisition and the resulting shareholding structure:| Detail | Value |
|---|---|
| Target Company (TC) | Gabriel India Limited |
| Acquirer | Anfilco Limited (on behalf of Anand Automobiles) |
| Shares Acquired | 3,29,22,161 equity shares |
| Face Value per Share | Re. 1/- |
| Acquired Stake | 18.58% of the total shareholding |
| Promoter Group Shareholding (Pre-Transaction) | 55.02% |
| Promoter Group Shareholding (Post-Transaction) | 63.55% |
GABRIEL Stock Price Movement
As of 10:33 AM, shares of Gabriel India Limited are slipping by 1.00% in live trading, currently priced at ₹1118. The stock is showing significant movement today, tracking on a volume of 89,747 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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