Tube Investments of India Limited (TII) has announced the acquisition of an additional 20,64,713 equity shares in its subsidiary, Shanthi Gears Limited (SGL). This transaction, representing 2.69% of SGL’s paid-up share capital, increases TII’s total shareholding to 73.16%. The acquisition was made via a block deal on August 21, 2026, and is part of TII’s long-term investment strategy.
TII Increases Stake in Shanthi Gears
Tube Investments of India Limited (TII) has further bolstered its stake in its listed subsidiary, Shanthi Gears Limited (SGL). The company announced today, August 21, 2026, that it has acquired an additional 20,64,713 equity shares in SGL. These shares have a face value of Re. 1 each and represent 2.69% of SGL’s total paid-up share capital.
Strategic Acquisition Details
The acquisition was executed through a block deal on the stock exchange and was approved by the Board of Directors of TII. Following this transaction, TII’s overall shareholding in Shanthi Gears Limited has increased from 70.46% to 73.16%. The company stated that this move is aligned with its long-term investment plans.
Shanthi Gears Overview
Shanthi Gears Limited, a subsidiary of TII, is engaged in the business of designing and manufacturing gears, gear boxes, geared motors, and gear assemblies, as well as refurbishing and repairing gear boxes. As of March 31, 2026, SGL reported a turnover of Rs. 518.72 crore. The cost of acquisition for these additional shares amounted to approximately Rs. 77.49 crore.
Source: BSE
