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Gabriel India will acquire a 28.99% stake in HL Mando Anand India Pvt. Ltd. from Asia Investments Pvt. Ltd. for 22.31 billion rupees (about $231.6 million).
Gabriel India Limited completed a composite scheme of arrangement merging Anchemco India Private Limited and Asia Investments Private Limited into itself, effective May 22, 2026. The promoter group's stake increased from 55.02% to 63.55%.