Gabriel India shares drop 6% on ₹3,166 crore acquisitions
after close1 source ↓written by the desknot a recommendation
- to ₹1
- 5.95%
- in dual acquisitions
- ₹3,166 crore
- stake in HL
- 28.9%
- Anand India
- ₹2,231 crore
- settled
- ₹1,881 crore
Gabriel India Limited's shares fell 5.95% to ₹1,400 after announcing ₹3,166 crore in dual acquisitions under "Project Jupiter." The company will acquire a 28.9% stake in HL Mando Anand India for ₹2,231 crore, with ₹1,881 crore settled through a share allotment. This deal values HL Mando Anand at ₹7,695 crore.
Not investment advice. For informational purposes only.