Gabriel India Capital Structure Change
Gabriel India allotted 1,44,04,204 fresh equity shares to promoter group entity Asia Investments on a preferential basis. The promoter group stake rose from 42.67% to 46.98%.
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Gabriel India allotted 1,44,04,204 fresh equity shares to promoter group entity Asia Investments on a preferential basis. The promoter group stake rose from 42.67% to 46.98%.
Gabriel India allotted 1,44,04,204 equity shares to its promoter, Asia Investments Private Limited, on a preferential basis. This allotment represents consideration for acquiring shares of HL Mando ANAND India Private Limited.
HDFC Mutual Fund sold a 2.84% stake in Gabriel India Limited via open market transactions. Its aggregate holding decreased from 9.17% to 6.33%.
Gabriel India Limited proposes to increase its authorised share capital by 1.44 crore shares. This change follows a preferential issue and requires shareholder approval.