Thursday, July 10, 2025

Top 5 This Week

Related News

Gabriel India to Invest Rs 27 Crore in Fasteners JV with South Korean Partner

Gabriel India Limited has announced an investment of Rs 26.8 crore to acquire a 51 percent stake in Jinhap Automotive India Private Limited, forming a joint venture with South Korean company Jinos Co. Ltd. The decision was approved during the company’s board meeting held on July 9, 2025.

With this move, JAIPL will become a subsidiary of Gabriel India, while Jinos will hold the remaining 49 percent. The share subscription agreement will take effect from July 10, 2025, as per a regulatory filing.

The joint venture marks Gabriel India’s entry into the fasteners segment, aimed at strengthening its presence in the Indian automotive and industrial markets. JAIPL will be engaged in the design, development, manufacturing, import, export, assembly, marketing, sales and distribution of fasteners for various applications.

As part of the agreement, JAIPL will sign a technology license agreement with Jinhap Co. Ltd., an affiliate of Jinos. This will allow access to proprietary technology and expertise for manufacturing advanced fasteners.

Under the governance structure of the joint venture, both companies will have equal representation on the board. Gabriel India will appoint the chairperson, who will hold casting vote rights except on matters that require joint consent. Jinos will appoint the chief executive officer, and voting rights will be aligned with the shareholding ratio.

The agreement includes standard clauses like deadlock resolution, event of default, and specific reserved matters needing mutual approval.

JAIPL was incorporated on February 23, 2011, and has an authorised share capital of Rs 8.06 crore. It has reported no turnover in the last three financial years and had a net worth of Rs 8 crore as of March 31, 2025. Its FY 2024-25 financials are currently under audit.

The acquisition is expected to be completed by October 31, 2025, or a later date if agreed by all involved parties.

Also read: Viksit Workforce for a Viksit Bharat

Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram

About us:

The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.

Popular Articles