Gabriel India to acquire promoter stake in JV with South Korea's HL Mando Corp

Gabriel India is acquiring promoter stake in its joint venture with South Korea's HL Mando Corp.

The joint venture company HMAI produces electric power steering systems, shock absorbers, and driver assist systems.

The acquisition involves Gabriel India buying out the promoter's share in the JV.

This move is likely to consolidate Gabriel India's control over the joint venture.