Gabriel India shares hit the 20 percent upper circuit after the company unveiled a multi‑tier restructuring plan aimed at helping the group reach ₹50,000 crore in revenue by 2030.
The scheme begins with the merger of Anchemco India—maker of brake fluid, radiator coolants and diesel exhaust fluid—into Asia Investments Pvt Ltd (AIPL).
Next, AIPL’s auto portfolio, comprising Anchemco and stakes in Dana Anand, Henkel Anand and ACYM, will be demerged and folded into Gabriel India.
AIPL’s non‑automotive businesses will remain with the original entity.
Gabriel will issue 1,158 of its own shares for every 1,000 AIPL promoter shares, valuing the deal at 8× FY25 EV/EBITDA.
The appointed dates are 1 April 2025 for the merger and 1 April 2026 for the demerger‑cum‑merger.
Completion depends on approvals from the board, creditors, stock exchanges, shareholders and the NCLT, with closure targeted in 10–12 months.
Management says the move consolidates operations, adds scale without new debt and strengthens global reach.
The announcement follows Gabriel’s ongoing strategy of acquiring or restructuring promoter‑linked entities to unlock value.
Investors cheered the plan, driving the stock to a fresh record high.

PSU bank stocks fell on Tuesday after a strong 5-day rally, as investors began to book profits.
Recently, both private and public sector banks had been rising sharply, helping the Nifty Bank index hit a new lifetime high.
While private bank stocks started correcting earlier, PSU banks continued their uptrend until now.
However, with valuations rising, investors chose to lock in gains, leading to a broad decline in PSU banking stocks.

Bank of Baroda fell nearly 2%, becoming the top loser on the Nifty PSU Bank index.
Union Bank of India and Punjab & Sind Bank dropped about 1.5% each.
Other banks like UCO Bank, Canara Bank, and Bank of Maharashtra also fell by up to 1%.
Bank of India, Indian Bank, SBI, and Central Bank traded with slight losses.

Interestingly, Indian Overseas Bank (IOB) was the only PSU bank trading in the green, showing minor gains despite the broader sell-off.