SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gulf Oil Lubricants gets nod to acquire 51% stake in Tirex Transmission

28 Aug 2023 Evaluate

Gulf Oil Lubricants India (GOLIL) has received approval for the acquisition of 51% controlling stake in Tirex Transmission (Tirex), a manufacturer of DC fast chargers for EVs. Pursuant to the purchase of the aforesaid shares on closing, Tirex will become a subsidiary of GOLIL. This acquisition expands Gulf Oil play in EV value chain with synergies expected from existing business, recent acquisitions already done in EV space by Gulf and Group strengths. 

Cost of acquisition is Rs 103 crore (Including secondary and primary infusion) subject to closing adjustments, if any. The Board of Directors of the Company, at its meeting held on August 27, 2023, approved the same. 

Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.


Gulf Oil Lubricant Share Price

970.00 -1.55 (-0.16%)
20-Apr-2026 14:42 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×