Announced Fri, 21 Aug · 18:00 IST
Tube Investments raises stake in Shanthi Gears to 73.16%
SHANTIGEAR · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Tube Investments of India, the promoter of Shanthi Gears, acquired 20.64 lakh shares (2.69%) through a market block deal on 21 August 2026. Its holding in Shanthi Gears rises from 70.46% to 73.16% of equity share capital.
Likely market impact
Strengthens promoter control and signals confidence; slightly reduces public float in Shanthi Gears.