21 Aug 2026
Tube Investments of India acquired a further 2.69 percent of Shanthi Gears for Rs 77.49 crore through a block deal.
The holding moves from 70.46 percent to 73.16 percent, covering 20,64,713 shares. TII has raised its Shanthi Gears stake in open-market steps over several years rather than through a single tender, which keeps the acquisition cost tied to the traded price on the day.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.