JV company Faurecia Anand Seating India incorporated; Gabriel India holds 50% less one share
Gabriel India and Faurecia Automotive Seating India (FASI) have incorporated their joint venture company, Faurecia Anand Seating India Private Limited, on October 19, 2026.
By ScoutQuest · · 2 min read
- Gabriel India subscription
- 99,99,999 equity shares for INR 9,99,99,990 = 50% less one share
- FASI subscription
- 1,00,00,001 equity shares for INR 10,00,00,010 = 50% plus one share
- Total initial investment
- INR 20,00,00,000
What was announced
Gabriel India has informed the stock exchanges that the joint venture company it agreed to form with Faurecia Automotive Seating India Private Limited (FASI) has been incorporated on October 19, 2026, under the name Faurecia Anand Seating India Private Limited. This follows the Joint Venture Agreement intimated on October 06, 2026.
The shareholding split
- Gabriel India has subscribed to 99,99,999 equity shares of face value Rs. 10 each, aggregating to INR 9,99,99,990. This represents 50% less one equity share of the paid-up equity share capital of the JV company.
- FASI has subscribed to 1,00,00,001 equity shares of face value Rs. 10 each, aggregating to INR 10,00,00,010. This represents 50% plus one equity share of the paid-up equity share capital of the JV company.
- The two subscriptions together add up to the initial aggregate investment of INR 20,00,00,000 contemplated in the Joint Venture Agreement.
Why the one-share difference is worth noting
The two partners hold almost the same stake, but not exactly the same. FASI's holding is 50% plus one equity share, while Gabriel India's is 50% less one equity share. That single equity share is what separates the two holdings, as stated in the update.
How to read this update
- This is a follow-up to an already disclosed agreement: the earlier intimation covered the signing of the Joint Venture Agreement, and this one confirms that the company has now been incorporated.
- The money involved is the subscription by each partner into the JV company's equity shares at face value of Rs. 10 each.
- The name of the new entity is Faurecia Anand Seating India Private Limited.
Key numbers at a glance
- Initial aggregate investment contemplated: INR 20,00,00,000
- Gabriel India shares subscribed: 99,99,999 equity shares of Rs. 10 each, for INR 9,99,99,990
- FASI shares subscribed: 1,00,00,001 equity shares of Rs. 10 each, for INR 10,00,00,010
- Gabriel India stake: 50% less one equity share; FASI stake: 50% plus one equity share
For a retail reader, the takeaway is the size of the commitment and how the ownership of the new joint venture company is divided between the two partners.
Also from Gabriel India
Board to consider interim dividend for FY 2026-27 and September quarter results
24 Oct 2026
Board meet on October 30 to consider Q2 results and interim dividend; record date November 6
24 Oct 2026
Board meeting on October 30 to consider September-quarter results and interim dividend
24 Oct 2026
More numbers
- Initial aggregate investment in JV Co.INR 20,00,00,000
- Equity shares subscribed by Gabriel India99,99,999
- Amount subscribed by Gabriel IndiaINR 9,99,99,990
- Equity shares subscribed by FASI1,00,00,001
- Amount subscribed by FASIINR 10,00,00,010
- Face value per equity shareRs. 10
- Gabriel India stake (50% less one equity share)50%
- FASI stake (50% plus one equity share)50%
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