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Gabriel India to Acquire 28.99% Stake in HL Mando for ₹2,231 Crore


21 July 2026
Gabriel India Ltd.

Standalone Q1FY27 revenue up 19% YoY to ₹12,742 Mn, PAT up 28% to ₹760 Mn; EBITDA margin at 8.4%. Board approved ₹2,231 Cr acquisition of 28.99% in HL Mando Anand (steering/braking) via share swap and cash, and USD 98.44 Mn for 30% in HL Klemove.


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