Gabriel India Clarifies Valuation for HL Mando Anand Acquisition & Preferential Issue
Gabriel India clarified its proposed acquisition of 28.99% in HL Mando Anand India Private Limited. The valuation is based on FY26 audited financials. No changes in share exchange ratio or transaction terms. A joint valuation report is available online.
The clarification relates to a significant acquisition and a preferential issue, which are material corporate actions that could impact the company's structure and financials.
The announcement is a clarification of previously disclosed information and does not introduce new positive or negative developments.
Gabriel India Limited has issued a clarification regarding the valuation undertaken for its proposed acquisition of 4,81,34,427 equity shares (28.99% stake) in HL Mando Anand India Private Limited (HMAI) from its promoter, Asia Investments Private Limited (AIPL).
The consideration for this acquisition is to be discharged through a preferential issue of 1,44,04,204 equity shares of Gabriel India and the balance in cash.
The company clarified that the valuation is based on the audited financial statements for the financial year ended March 31, 2026. This includes the business of erstwhile Anchemco India Private Limited, which is part of AIPL's Automotive Undertaking.
Consequently, there are no changes to the equity share exchange ratio or the terms of the proposed acquisition and preferential issue, as previously approved by the Board of Directors and the Company's members. A joint valuation report dated July 21, 2026, by KPMG Valuation Services LLP and BDO Valuation Advisory LLP, along with further details, is available on the company's investor website.
A plain-language summary of a public exchange filing by Gabriel India Limited. Read the original for the full detail.