Anfilco Limited Boosts Stake in Gabriel India Ltd Following Share Issue Under Court-Approved Scheme
Gabriel India Ltd has announced a significant increase in its promoter group's shareholding following the issuance of 6,63,919 equity shares. The transaction was executed through a Scheme of Arrangement that was sanctioned by the National Company Law Tribunal, Mumbai Bench-I.The shares, which have a face value of Re. 1/- each, were issued to Anfilco Limited. This transaction establishes Anfilco Limited as a shareholder, holding an aggregate stake of 6,63,919 equity shares.
The share issuance was structured under a Composite Scheme of Arrangement, which was sanctioned by the National Company Law Tribunal, Mumbai Bench-I, via an order dated May 11, 2026. The scheme covers the merger of Anchemco India Private Limited (formerly Andasia Private Limited) with Asia Investments Private Limited, alongside the demerger of an undertaking from Asia Investments Private Limited into Gabriel India Limited. The arrangement became effective upon the filing of Form INC-28 with the Registrar of Companies on May 22, 2026.
Promoter Group Shareholding Update
The increase in shareholding for the promoter group is notable, as the aggregate shareholding of the entire promoter & promoter group rose from 55.02% to 63.55%. The issuance of shares under the court-approved Scheme accounted for this increase.The details regarding the acquisition and resulting shareholding are summarized below:
| Metric | Details |
|---|---|
| Target Company | Gabriel India Limited |
| Acquirer | Anfilco Limited (Promoter Group) |
| Shares Issued | 6,63,919 equity shares |
| Representation | 0.37% of total shareholding |
| Previous Promoter Holding | 55.02% |
| New Promoter Holding | 63.55% |
| Mechanism | Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013 |
The transaction utilizing the share exchange ratio of "1158 equity shares of 71 each for every 1000 equity shares of 710 each held in the Demerged Company" places the acquisition within the exemption provided under Regulation 10(1) (d) (ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GABRIEL Stock Price Movement
As of 10:30 AM, shares of Gabriel India Limited are slipping by 0.70% in live trading, currently trading at ₹1121.4. The stock has dropped ₹7.90 per share today, amidst activity that saw 89,323 shares changing hands.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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