In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gabriel India has informed that the company (referred to as ‘GIL’) has entered into an Asset Purchase Agreement with Marelli Motherson Auto Suspension Parts (‘MMAS’), Marelli Europe S.p.A. and Samvardhana Motherson International to acquire assets (fixed assets and inventory) from MMAS (‘APA’). This transaction is subject to satisfaction of customary conditions precedent including: (a) execution of agreement with Marelli Suspension Systems Italy S.p.A (‘Marelli Italy’) for grant of license to manufacture, assemble, sell, distribute and market certain products in India using technical information provided by Marelli Italy in India (‘License Agreement’); and (b) execution of agreement with Marelli Italy for provision of technical assistance and support. The above transaction was approved by the Board of Directors of GIL at their meeting held on January 24, 2025 at 9:30 am and concluded at 10:00 am. The details required pursuant to SEBI Circular bearing ref. no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, are annexed to this letter as Annexure A.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 122.10 |
| Tube Investments | 2745.60 |
| Bosch | 37303.75 |
| UNO Minda | 1077.55 |
| CIE Automotive India | 485.60 |
| View more.. | |
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