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The latest announcement is out from Gabriel India Limited ( (IN:GABRIEL) ).
Gabriel India Limited has announced that it received a ‘No Adverse Observation’ letter from BSE Limited regarding its proposed Composite Scheme of Arrangement. This scheme involves the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the automotive undertaking into Gabriel India Limited. The receipt of this letter allows Gabriel India to proceed with filing the scheme with the National Company Law Tribunal, marking a significant step in its strategic restructuring efforts.
More about Gabriel India Limited
Gabriel India Limited operates in the automotive industry, focusing on manufacturing and supplying a wide range of automotive components. The company is known for its expertise in producing shock absorbers, struts, and front forks, catering to both domestic and international markets.
Average Trading Volume: 31,852
Technical Sentiment Signal: Buy
Current Market Cap: 167.8B INR
Find detailed analytics on GABRIEL stock on TipRanks’ Stock Analysis page.