Tube Investments of India Ltd. has acquired an additional 2.69% stake in Shanthi Gears Ltd. (SGL) through a block deal. 🔹 Shares Acquired: 20,64,713 🔹 Acquisition Cost: ~₹77.49 Crore 🔹 Mode: Block Deal 🔹 Consideration: Cash With this acquisition, TIINDIA's shareholding in Shanthi Gears has increased from 70.46% to 73.16%. 🎯 Strategic Objective: The acquisition is part of TIINDIA's long-term investment plans, reflecting its continued focus on strengthening its presence in the industrial and engineering business. 📊 AFS Trading Edge View: The increase in stake indicates management's continued confidence in Shanthi Gears and its long-term business potential. This development will be closely watched from a strategic perspective. 👉 Follow AFS Trading Edge for market-moving corporate updates and insightful analysis. Disclaimer: For educational and informational purposes only. Not an investment recommendation.

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