Tube Investments Acquires 2.69% Stake in Shanthi Gears
Tube Investments of India Limited has disclosed its acquisition of 2,064,713 equity shares in Shanthi Gears Limited, representing 2.69% of the total share capital. This transaction, executed through a market purchase via a block deal on August 21, 2026, increases Tube Investments' total holding in Shanthi Gears to 73.16%. The acquisition was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of Shanthi Gears remains unchanged at 7,67,15,853 shares post-acquisition.
Key Highlights
- Tube Investments acquired 2.69% stake in Shanthi Gears.
- Total holding in Shanthi Gears now stands at 73.16%.
- Acquisition was a market purchase via block deal.
- Transaction falls under SEBI Takeover Regulations.
- No Persons Acting in Concert involved in this acquisition.
Price Impact
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