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Gabriel India To Buy 28.99% HL Mando Stake For ₹2,231 Crore


21 July 2026
Gabriel India Ltd.

Gabriel India Q1FY27 standalone revenue ₹12,742 Mn (+19% YoY), PAT ₹760 Mn. Board approved acquiring 28.99% in HL Mando Anand India for ₹2,231 Cr (₹1,881 Cr via preferential shares to promoter, ₹350 Cr cash), continuing group consolidation and expanding into steering/braking/suspension.


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