Announcement under Regulation 30 (LODR) - regarding acquisition of shares in HK Klemove India Private Limited.
M&A
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MEDIUM RISK
📅 Filed on BSE: 21 Jul 2026, 07:21 PM IST · BSE ID: f742f681-2593-4481-a5cb-3a7271bc6ddf
View Original BSE Filing (PDF)
💡
In Simple Terms
Gabriel India is buying a 30% stake in HL Klemove India for USD 98.44 million, forming a new joint venture.
🤖 AI Summary
- Gabriel India approved acquiring 3,78,44,999 equity shares in HL Klemove India Private Limited.
- The acquisition value aggregates to the INR equivalent of USD 98.44 million.
- Gabriel India will hold 30% minus one share, making HL Klemove India an associate company.
- A Joint Venture Agreement will govern rights, establishing a 70% plus 1 share to 30% minus 1 share ratio.
- Anand Automotive Private Limited, a promoter group entity, will provide corporate support services.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares Acquired
3,78,44,999 equity shares
Acquisition Value
USD 98.44 million
Gabriel India's Holding in Target
30% minus one (1) share
Target Company Authorized Share Capital
INR 1,29,00,00,000
Target Company Paid-up Share Capital
INR 1,26,15,00,000
Target Company Turnover FY 2024-25
INR 7,998.37 Million
Target Company Turnover FY 2025-26 (unaudited)
INR 10,488.30 Million
🏢 How This Affects the Company
This acquisition expands Gabriel India's presence into autonomous driving and automotive electronics solutions products, including radar, Lidar, ADCU/APCU, Brake ECU, and Steering ECU.
The company will invest USD 98.44 million for the equity stake, impacting its cash reserves and balance sheet. HL Klemove India's turnover was INR 10,488.30 Million (unaudited) for FY 2025-26.
Gabriel India will integrate with HL Klemove India for producing, developing, manufacturing, and distributing automotive products. Anand Automotive Private Limited will provide corporate, management, and operational support.
The investment introduces new operational and market risks associated with the autonomous driving and automotive electronics sector. Partnering with HL Klemove Corporation from South Korea involves managing international joint venture dynamics.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this board approval.
👤
Who Is Affected
Existing shareholders are affected by the company's strategic decision to invest USD 98.44 million, which could influence future financial performance and business direction.
🔍
Management Signal
Management is signaling a strategic intent to expand Gabriel India's footprint into advanced automotive technology segments through inorganic growth and joint ventures.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of the Share Purchase Agreement and Joint Venture Agreement.
Future financial results disclosures to assess impact of the acquisition.
Updates on product development and market penetration in the new segments.
MEDIUM RISK
Significant investment amount and reliance on an unaudited target company turnover introduces execution and financial risks.
💡 Investor Takeaway
Gabriel India Limited is acquiring 3,78,44,999 equity shares in HL Klemove India Private Limited for USD 98.44 million. This secures a 30% minus one share stake, establishing HL Klemove India as an associate company and expanding into autonomous driving and automotive electronics products.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition diversifies Gabriel India's product portfolio into advanced autonomous driving and automotive electronics solutions in India.
- The target company, HL Klemove India, reported unaudited turnover of INR 10,488.30 Million for FY 2025-26, indicating established business operations.
⚠️ Concerns
- The investment of USD 98.44 million is a significant outflow, potentially impacting short-term liquidity or increasing debt.
- The target company's financials (FY 2025-26 turnover of INR 10,488.30 Million) are stated as unaudited.
❓ Frequently Asked Questions
What is the acquisition amount for Gabriel India's stake in HL Klemove India?
Gabriel India Limited proposes to acquire 3,78,44,999 equity shares in HL Klemove India Private Limited for the INR equivalent of USD 98.44 million.
What percentage of HL Klemove India will Gabriel India hold after the acquisition?
Gabriel India will hold 30% minus one (1) share of the total paid-up share capital of HL Klemove India Private Limited.
What are the key products of HL Klemove India Private Limited?
HL Klemove India's products include autonomous driving solutions like Radar, Lidar, ADCU/APCU, and automotive electronics solutions such as Brake ECU and Steering ECU.
What was the turnover of HL Klemove India for FY 2025-26?
HL Klemove India reported an unaudited turnover of INR 10,488.30 Million for FY 2025-26.
Who will provide corporate support services to HL Klemove India?
Anand Automotive Private Limited, a Promoter Group Entity of Gabriel India, will provide corporate, management, and operational support services to HL Klemove India.
Questions based on this BSE filing only. For information purposes.