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Tube Investments of India raises stake in Shanthi Gears
Aug-24-2026

Shanthi Gears’ parent - Tube Investments of India has raised its stake in the company through an open market transaction worth around Rs 77.49 crore.  Tube Investments of India has acquired 20,64,713 shares, representing 2.70% of total shareholding, of the company at an average price of Rs 375.30 apiece from Pacific Assets Trust PLC. Post this acquisition, Tube Investments of India’s holding in the company has increased from 70.46% to 73.16%.

Shanthi Gears, a subsidiary of Tube Investments of India, is a pioneer in gear manufacturing. The company offer a comprehensive range of products and services - cutting edge gear solutions for a wide range of applications and specialized gear reconditioning services.

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