Gabriel India rises on getting nod to form joint venture company with SKEN
Gabriel India is currently trading at Rs. 1322.95, up by 11.10 points or 0.85% from its previous closing of Rs. 1311.85 on the BSE.
The scrip opened at Rs. 1319.80 and has touched a high and low of Rs. 1333.10 and Rs. 1309.50 respectively. So far 5625 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1345.95 on 07-Oct-2025 and a 52 week low of Rs. 387.05 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1345.95 and Rs. 1225.60 respectively. The current market cap of the company is Rs. 19085.25 crore.
The promoters holding in the company stood at 55.00%, while Institutions and Non-Institutions held 21.00% and 24.00% respectively.
Gabriel India has received its Board approval for execution of the Joint Venture Agreement (JVA) with SK Enmove Co. (SKEN) to enable formation of a Joint Venture Company (JV Co.). The company will hold 49% of the total shareholding of JV Co., while rest will be held by SKEN. The Board of Gabriel India has approved an investment of up to Rs 29.40 crore in the equity share capital of the JV Co., in one or more tranches.
The JV Co. will carry on the business of engineering, designing, developing, manufacturing (including through third party toll blending and contract manufacturing), packaging, import, blending, assembly, marketing, sales and distribution and exports of any type of engine oils (including motorcycle oil, passenger car motor oil, heavy duty diesel oil), e-fluids (electric vehicle fluids), SAO (shock absorber oil), industrial lubricants, greases and e-thermal fluids (thermal management).
Gabriel India is a producer and supplier of high-quality Ride Control Products for the Indian Automotive Industry participating in all segments i.e. Passenger Cars, Utility Vehicles, Commercial Vehicles and Two Wheelers.
