Tube Investments of India Limited
Tube Investments of India Limited (TII) has acquired additional equity shares in its listed subsidiary, Shanthi Gears Limited (SGL), through a block deal executed on the National Stock Exchange on 21st August 2026.
Transaction Details
- Date of Acquisition: 21st August 2026
- Number of Shares Acquired: 20,64,713 equity shares of face value ₹1 each
- Percentage of Paid-up Capital: 2.69% of SGL's equity share capital
- Acquisition Method: Block deal through stock exchange
- Consideration Type: All cash consideration
- Cost of Acquisition: Approximately ₹77.49 crore
Shareholding Impact
- Pre-acquisition Holding: 70.46% of SGL's paid-up share capital
- Post-acquisition Holding: 73.16% of SGL's paid-up share capital
- Increase in Holding: 2.70 percentage points
Target Company Details
- Name: Shanthi Gears Limited (SGL)
- Business: Design and manufacture of Gears, Gear boxes, Geared Motors, and Gear Assemblies; refurbishing & repairing of gear boxes
- Paid-up Equity Share Capital: ₹7.67 crore
- Recent Turnover Performance:
- FY 2025-26: ₹518.72 crore
- FY 2024-25: ₹604.62 crore
- FY 2023-24: ₹536.05 crore
Regulatory and Transaction Aspects
- Related Party Transaction Status: Does not fall within the meaning of a related party transaction
- Government Approvals: Not applicable
- Transaction Completion: Completed on 21st August 2026
- Purpose: Part of the long-term investment plans of TII
Board Approval
The acquisition was approved by the Board of Directors of Tube Investments of India Limited at its meeting held on 21st August 2026.