Tube Investments raises stake in Shanthi Gears to 73.16% via ₹77.49 crore block deal
The company bought 20,64,713 equity shares of SGL at a face value of Re. 1 each, at a total cost of approximately ₹77.49 crore in an all-cash transaction
Tube Investments of India Limited (TII) bolstered its stake in Shanthi Gears Limited (SGL) by acquiring an additional 2.69% through a ₹77.49 crore block deal on the stock exchange. This move increased TII's total ownership of the gear manufacturer from 70.46% to 73.16%. The Chennai-based company purchased 20,64,713 equity shares of SGL at a face value of Re.
1 each, resulting in a total investment of approximately ₹77.49 crore. The acquisition, completed on August 21, 2026, followed TII's Board of Directors' approval during a meeting. TII described the move as part of its long-term investment strategy. Shanthi Gears, established on July 1, 1972, specializes in the design and manufacture of gears, gearboxes, geared motors, gear assemblies, and the refurbishing and repairing of gearboxes.
The company reported a FY 2025-26 turnover of ₹518.72 crore, a decline from ₹604.62 crore in FY 2024-25 but above the ₹536.05 crore recorded in FY 2023-24. SGL's issued and paid-up equity share capital totals ₹7.67 crore. As of Friday afternoon, TII shares were trading at ₹2,889 on the NSE, down 1.40% from the previous close of ₹2,930, with a market capitalization of roughly ₹55,905 crore.
The stock has gained around 10.11% year-to-date but has declined 6.76% over the past year. TII is a component of the Nifty Midcap 50 index and operates within the auto components and equipment sector.
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