Gabriel India Limited Executes Agreements for Stake Acquisition in HL Klemove India Private Limited
Gabriel India Limited has executed the Joint Venture Agreement and Share Purchase Agreement concerning the acquisition of a stake in HL Klemove India Private Limited. The agreements were formally signed on August 21, 2026.The transaction involves Gabriel India Limited acquiring an equity share in HL Klemove India Private Limited (the Target Company).
As per the terms stipulated in the Share Purchase Agreement (SPA), the purchase of shares is scheduled to be consummated on August 24, 2026, or on such alternative date that may be mutually agreed upon by both parties in writing.
The acquisition aims to bring the Target Company into a specific corporate relationship with Gabriel India Limited following the completion of the deal. Upon successful conclusion of the transaction, HL Klemove India Private Limited will become an Associate Company of Gabriel India Limited.
GABRIEL Stock Price Movement
Gabriel India Limited shares slipped on Friday, settling at ₹1420.6 after shedding 1.11% from the previous closing price of ₹1436.8.The stock recorded a volume of 205,151 shares in trading that day.
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