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Gabriel India Ltd (GIL), has entered into a strategic joint venture with South Korea-based HL Klemove, under which Gabriel India will become a strategic shareholder in HL Klemove India Private Limited. The partnership marks a significant step in Gabriel India's strategy to expand its presence across high-growth automotive segments and participate in the growing demand for Autonomous Driving Solutions including Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products through this joint venture.
At 2.59 pm, Gabriel India was trading at Rs. 1,345.50, down by 0.05%, with a volume of 0.11 lakh shares on the BSE.
To form JV, Gabriel to acquire 30% stake in HL Klemove India for Rs. 935 cr
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