Gabriel India invests $3.1 million to pick 51% equity stake in fasteners supplier JAIPL
The JV with Jinos Co. Ltd. will focus on manufacturing automotive and industrial fasteners, diversifying Gabriel India's offerings
Gabriel India Ltd. will invest 268.3 million rupees (about $3.1 million) to acquire a 51% stake in Jinhap Automotive India Private Ltd. (JAIPL), forming a joint venture with South Korea's Jinos Co. Ltd., Autocar Professional reported July 9.
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