Gabriel India to form JV with SK Enmove; Invests ₹29.40 Cr
Gabriel India partners with SK Enmove to form a joint venture, investing ₹29.40 crore for 49% stake, to focus on manufacturing and distribution of engine oils and e-fluids.
The joint venture and associated investment are significant, but the full impact will depend on the performance of the new entity.
The announcement details a strategic joint venture that is likely to expand Gabriel India's business and market presence.
* Gabriel India has approved a Joint Venture Agreement with SK Enmove Co., Ltd (SKEN) to conduct business related to engineering, designing, developing, manufacturing, packaging, import, blending, assembly, marketing, sales, distribution, and exports of engine oils, e-fluids, SAO, industrial lubricants, greases, and e-thermal fluids. * Gabriel India will hold 49% of the JV Co., while SKEN will hold 51%. * Gabriel India will invest up to ₹29.40 crore in one or more tranches in the JV Co. * Following the JV Co.'s incorporation, several agreements will be executed, including: * Technology License Agreement (TLA) between SKEN and JV Co. * Corporate Service Agreement (CSA) between Anand Automotive Private Limited (AAPL) and JV Co. * ZIC Trademark and Brand License Agreement between SKEN and JV Co. * Business Transfer Agreement (BTA) between SK Enmove India Private Limited (SKEN India) and JV Co. to buy the existing business of SKEN India by the JV Co. * Joinder Agreement and a Deed of Adherence between SKEN, Gabriel India and JV Co. * The JV Co. is expected to be incorporated by 30 November 2025.
What to do with a filing like this
Gabriel India Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gabriel India Limited. Read the original for the full detail.