NCLT Mumbai approved a composite scheme for Anchemco India's amalgamation into Asia Investments and subsequent demerger of Asia's automotive undertaking into Gabriel India.
The scheme, with appointed dates of April 1, 2025, and April 1, 2026, aims to transform Gabriel into a diversified mobility solutions provider.
Shareholders of Asia Investments will receive 1158 Gabriel shares of ₹1 each for every 1000 shares of ₹10 each held upon scheme effectiveness.
The order follows regulatory compliance with SEBI, stock exchanges, MCA, and no objections from creditors or other authorities.