Overview

• Gabriel India shares have surged 20% to around ₹843 and remained locked at the upper circuit for consecutive sessions after the restructuring announcement
• The composite scheme outlines key steps with Anchemco merging into AIPL on April 1, 2025, and the demerger of AIPL’s automotive undertakings into Gabriel India on April 1, 2026
• The plan is now under scrutiny by the company board, creditors, stock exchanges, the National Company Law Tribunal and shareholders with finalisation expected within 10–12 months
• Under the share swap, Gabriel India will issue 1,158 equity shares of ₹1 each for every 1,000 equity shares of ₹10 each held in AIPL, valuing the deal at eight times FY2025 EV/EBITDA without any debt outlay
• Upon completion, the integrated group will see pro-forma turnover rise to about ₹8,000 crore, diversify into brake fluids, adhesives and joint ventures and position Gabriel India as the Anand Group’s primary growth engine toward a ₹50,000 crore revenue target by 2030