NCLT Mumbai Bench sanctions composite scheme for Anchemco India's amalgamation into Asia Investments and subsequent demerger of automotive undertaking into Gabriel India.
Scheme aims to transform Gabriel India into a diversified mobility solutions provider, consolidating automotive component businesses including drive train, NVH products, and brake fluids.
Shareholders of Asia Investments will receive 1158 Gabriel India shares for every 1000 shares held as consideration for the demerger.
Appointed dates are set as 01 April 2025 for amalgamation and 01 April 2026 for demerger, with no objections from regulatory authorities or stakeholders.