Gabriel India to enter joint venture, expanding fastener business

Gabriel India Limited announced its plan to enter a joint venture with Jinos Co., Ltd. by investing in Jinhap Automotive India Private Limited (JAIPL). This investment, amounting to INR 26,82,84,100, will give Gabriel India a 51% stake in JAIPL, making it a subsidiary. The objective is to engage in the engineering, design, manufacturing, and distribution of fasteners. The venture involves a Joint Venture Agreement (JVA) and a Share Subscription Agreement (SSA) between Gabriel India, Jinos, and JAIPL. JAIPL will also execute a Technology License Agreement with Jinhap Co., Ltd. Gabriel India expects the SSA to be effective by July 10, 2025 and aims to complete the acquisition by October 31, 2025.