Shanthi Gears Share Price Gains Over 18%; Tube Investments Raises Stake to 73.16%

Tube Investments of India Ltd (TII) has acquired an additional 2.69% stake in its listed subsidiary, Shanthi Gears Ltd (SGL). The transaction was carried out through a block deal on August 21, 2026, and was announced on the same day. 

TII purchased 20,64,713 equity shares of Shanthi Gears, with a face value of ₹1 each. Following the acquisition, its holding in the company rose from 70.46% to 73.16%. 

Transaction Valued at ₹77.49 Crore 

The additional shares were acquired for approximately ₹77.49 crore. The transaction involved an all-cash consideration and was completed through the stock exchange. 

Tube Investments said the acquisition does not fall under the definition of a related-party transaction. No government or regulatory approvals were required for the purchase. 

Shanthi Gears’ Business 

Shanthi Gears is engaged in the design and manufacture of gears, gearboxes, geared motors and gear assemblies. The company also undertakes the refurbishing and repair of gearboxes. 

Incorporated on 1 July 1972, Shanthi Gears operates in the gears and gearboxes manufacturing industry. Its issued and paid-up equity share capital stood at ₹7.67 crore. 

Turnover Declines in FY26 

Shanthi Gears reported turnover of ₹518.72 crore in FY26, compared with ₹604.62 crore in FY25. Its turnover in FY24 stood at ₹536.05 crore. 

The acquisition, according to Tube Investments, was made as part of its long-term investment plans. The transaction was completed on 21 August 2026. 

Read More: Welspun Corp Share Price Gains Over 13%; Secures Order Worth $1.8 Billion for Supply of Pipes! 

Shanthi Gears Share Price Performance  

As of August 21, 2026, 11:26 am, Shanthi Gears share price was trading at ₹458.00, an 18.38% increase from the previous closing price. 

Conclusion 

The acquisition has raised Tube Investments’ shareholding in Shanthi Gears from 70.46% to 73.16%. The company purchased the additional 2.69% stake for approximately ₹77.49 crore as part of its long-term investment plans. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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