Mumbai, July 1 -- The plan involves the amalgamation of Anchemco India Private Limited into Asia Investments Private Limited (AIPL), followed by the demerger of AIPL's automotive business into Gabriel India.

As part of the transaction, Gabriel India will issue 1,158 equity shares of Rs 1 each for every 1,000 equity shares of Rs 10 each held in AIPL. The transaction qualifies as a related party arrangement and is being executed on an arm's length basis.

The proposed composite scheme of arrangement is expected to take 10 to 12 months for completion, assuming timely approvals.

The transaction includes the manufacturing operations of Anchemco, which produces brake fluids, radiator coolants, diesel exhaust fluid (DEF), AdBlue, and PU/PVC-ba...