Gulf Oil Lubricants India has informed that the Board of Directors of the Company, at its meeting held on August 27, 2023, approved the acquisition of 51% controlling stake in Tirex Transmission (Tirex), a manufacturer of DC fast chargers for EVs. The proposed acquisition is subject to the signing of definitive agreements, completion of closing conditions precedent to be set out in the definitive agreements, and statutory approvals, if any. In this regard, it has enclosed: Details in accordance with the SEBI Circular as Annexure A and Press Release as Annexure B.
The above information is a part of company’s filings submitted to BSE.
