Announced Mon, 2 Feb, 2026 · 19:17 IST
TEMBO Global acquires 75.09 percent stake in Tembo Classic Engineering for Rs 60.57 Cr
TEMBO · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
TEMBO Global Industries has acquired 2.90 crore equity shares of Tembo Classic Engineering Pvt Ltd (formerly Tembo Defense Products Pvt Ltd), taking its total stake to 75.09 percent (61.37 percent in this tranche) for Rs 60.57 crore in cash. Tembo Classic manufactures and services defence equipment. The deal is a related party transaction and aims to expand into the defence sector.
Likely market impact
Moves TEMBO Global into defence manufacturing; related party deal worth Rs 60.57 Cr may draw governance scrutiny.