Gabriel India shares declined 2.6% on Monday following the board's approval of a significant fundraising initiative. According to reports from Essential Business Intelligence, the stock traded at ₹1,383.8 on the NSE at around 11:55 a.m., compared with its previous close of ₹1,420.6. The decline reflects investor concerns about the company's debt expansion strategy and its potential impact on the balance sheet.
The board approved plans to raise up to ₹1,000 crore through senior, unsecured, rated, listed and redeemable non-convertible debentures, as reported by Essential Business Intelligence. The proposed issue comprises up to 1 lakh debentures with a face value of ₹1 lakh each. The securities will be issued through a private placement to eligible investors and are proposed to be listed on the BSE. The company did not disclose specific details such as tenure, maturity date, coupon or interest rate, and payment schedule in its stock exchange filing.
The board also approved the formation of a Finance Committee and delegated powers to it for matters related to the proposed debenture issuance, according to Essential Business Intelligence. The committee will handle all aspects of the debenture issuance process, including oversight and decision-making responsibilities. The company did not specify the purpose for which it intends to use the funds in its stock exchange filing.
Gabriel India shares have gained more than 33.6% so far in calendar year 2026, though the stock remains down about 4% over the past week, including Monday's decline, as reported by Essential Business Intelligence. The company is currently valued at a market capitalisation of ₹24,581.8 crore and trades at a price-to-earnings multiple of 84.4 times. Investors are now assessing the impact of the debt raise on the company's balance sheet and future funding requirements.
