Tube Investments Buys 2.69% Stake in Subsidiary Shanthi Gears

Tube Investments of India Ltd has acquired an additional 2.69% equity stake in its subsidiary, Shanthi Gears Limited (SGL), for approximately ₹77.49 Cr. The acquisition, executed via a block deal on August 21, 2026, increases Tube Investments' shareholding in SGL from 70.46% to 73.16%. Shanthi Gears, a listed entity, is engaged in the design and manufacture of gears and gearboxes. This move is part of Tube Investments' long-term investment plans. The transaction was an all-cash consideration and is not considered a related party transaction.