Gulf Oil Lubricants Acquires Additional Stake in Tirex Transmission
Filing Summary
Gulf Oil Lubricants India Ltd has acquired an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited. The acquisition involved 11,71,929 equity shares at ₹325 per share, with a total consideration of ₹38.09 crores. This transaction, completed on November 14, 2025, increases Gulf Oil’s stake in Tirex to 65.18%, amounting to 53,86,584 equity shares. The acquisition follows the board’s approval on November 5, 2025, and aligns with regulatory requirements under SEBI’s Listing Obligations and Disclosure Requirements.
Gulf Oil Lubricants India Ltd has acquired an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited. The transaction was completed on November 14, 2025, following the board’s approval on November 5, 2025.
The acquisition involved the purchase of 11,71,929 equity shares, each with a face value of ₹10, at a price of ₹325 per share. The total consideration for this acquisition amounted to ₹38.09 crores. The shares were acquired from existing shareholders pursuant to a definitive agreement executed on the same date.
Following this acquisition, Gulf Oil’s stake in Tirex has increased to 65.18%, which translates to 53,86,584 equity shares of face value ₹10 each. This transaction complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Gulf Oil Lubricants India Ltd focuses on manufacturing and marketing a wide range of lubricants for automotive and industrial applications. The company is committed to expanding its market presence and enhancing its product offerings through strategic investments and acquisitions.