Gabriel India Ltd has announced that the Court order sanctioning the demerger of the Engine Bearings Division of the Company and its vesting in Anand Engine Components Ltd has been filed with the Registrar of Companies, Maharashtra on April 16, 2007. Accordingly, April 16, 2007 is the effective date of the Scheme.
The stock was trading at Rs.30.90, up by Rs.2.30 or 8.04 %. The stock hit an intraday high of Rs.30.95 and low of Rs.28.75. The total traded quantity was 24574 compared to 2 week average of 16773.