Anand Group consolidates group businesses under Gabriel

In a significant announcement, Anand Group has announced consolidating it’s varied auto ancillary businesses under it’s listed subsidiary Gabriel India (GIL).

GIL consequently will transform from a single product Company (suspension parts and shock absorbers) to a multi-product Company (brake fluid, radiator coolants, diesel exhaust fluid (DEF) / Ad-blue for 2W, 3W, 4W and truck applications and PU / PVC based adhesives). Additionally it will have equity holdings in Companies focused upon transmissions for EVs, Body-In-White and NVH products and solutions as well as automotive synchronizer rings and aluminum forgings.

 

 

Public shareholding is only reducing from 45% to 36.5% and Company is getting access to many more product lines.

This makes it a very interesting development.

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