Tube Investments Acquires Stake in Shanthi Gears Limited for Long-Term Investment
Tube Investments of India Limited (TII) has acquired a significant stake in Shanthi Gears Limited (SGL), a listed subsidiary, through a block deal. The acquisition was completed on August 21, 2026.The company purchased 20,64,713 equity shares of SGL, each with a face value of Re. 1. This transaction represented 2.69% of the paid-up share capital of Shanthi Gears Limited (SGL). The entire consideration for the acquisition was in cash, and the total cost of acquisition was approximately Rs. 77.49 Cr.
The block deal, executed through the Stock Exchange, marks a strategic move by TII as part of its long-term investment plans. Following the acquisition, Tube Investments' shareholding in SGL increased from 70.46% to 73.16%.
Company and Target Profile
Shanthi Gears Limited is engaged in the design and manufacture of Gears, Gear boxes, Geared Motors, and Gear Assemblies, as well as the refurbishing and repairing of gear boxes. The company operates in the gears and gearbox manufacturing industry.SGL was incorporated on July 1, 1972. As of March 31, 2026, SGL reported an issue and paid-up equity share capital of Rs. 7.67 Cr, while its turnover stood at Rs. 518.72 Cr.
The key operational and financial details for Shanthi Gears Limited are summarized below:
| Metric | Detail |
|---|---|
| Industry | Gears and Gear boxes manufacturing |
| Incorporation Date | July 1, 1972 |
| Share Capital (as of Mar 31, 2026) | Rs. 7.67 Cr |
The last three years of turnover for SGL are detailed in the table below:
| Fiscal Year | Turnover |
|---|---|
| FY 2025-26 | Rs. 518.72 Cr |
| FY 2024-25 | Rs. 604.62 Cr |
| FY 2023-24 | Rs. 536.05 Cr |
TIINDIA Stock Price Movement
Shares of Tube Investments of India Limited slipped by 0.31% on Friday to settle at ₹2920.9, following a minor decline from the previous close. The equity saw a traded volume of 19,941 shares during the session.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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