TSF Investments Limited Plans Acquisition of Shares in Wheels India Limited
TSF Investments Limited has approved a proposed transaction involving the acquisition of equity shares in M/s Wheels India Limited (WIL). The company is acquiring 2,56,547 equity shares representing 1.050% of WIL's paid-up equity share capital from M/s Trichur Sundaram Santhanam & Family Private Limited (TSSFPL).The acquisition is set to be executed as an inter se transfer through the block deal window mechanism of the stock exchange(s) or by other agreed mechanisms at a price determined on the date of transaction execution.
Transaction and Related Party Status
TSF Investments Limited confirmed that the proposed transaction involves a related party, noting that TSSFPL is interested as part of the Promoter group of TSFIL. The company stated that Sundaram Finance Limited (SFL), a promoter of TSFIL, does not hold any shares in WIL. The persons belonging to the promoter group and their companies are interested in WIL only to the limited extent of their shareholdings, if any, which constitute part of the public shareholding.
The transaction details confirm that it is conducted by cash consideration at a cost of ₹1,518.62 per share. The acquisition represents 2,56,547 shares or 1.050% of WIL's equity. The target completion period for the acquisition has been indicated as on or after August 07, 2026.
Profile of Wheels India Limited
Wheels India Limited was incorporated on June 13, 1960. Its core business encompasses the manufacturing of parts and accessories for motor vehicles, components for wind turbines, and parts and accessories for machinery or equipment used by construction and mining industries. The company's objectives through this acquisition are to consolidate its shareholdings in WIL (as an associate company).
The industrial background and turnover history of Wheels India Limited is detailed below:
| Particular | Details |
|---|---|
| Target Company Name | M/s Wheels India Limited |
| Total Turnover as on 31.03.2026 | Rs. 5124.40 Cr. |
| Industry | Manufacturing of Parts & accessories for motor vehicles, Components for wind turbines, and parts/accessories for construction/mining machinery. |
Financial Overview
The turnover performance of Wheels India Limited over the past three financial years is as follows:
| Financial Year | Total Turnover |
|---|---|
| 2023-24 | 4619.03 |
| 2024-25 | 4424.86 |
| 2025-26 | 5124.40 |
TSFINV Stock Price Movement
Today, TSF INVESTMENTS LIMITED shares edged higher to settle at ₹452.50, registering a notable gain of 3.83% in the close. During the session, the equity saw a total traded volume of 65,432 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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