Infrastructure company acquires 75.09% of Tembo Classic Engineering Pvt Ltd
Kiran DSIJCategories: Mindshare, Trending
The stock is up over 50 per cent from its 52-week low of Rs 386 per share.
Tembo Global Industries Limited (NSE: TEMBO) confirmed the acquisition of 2,90,62,305 equity shares in Tembo Classic Engineering Private Limited. This transaction involves a cash consideration of Rs 126.71 crore, resulting in an additional 61.37 per cent stake and bringing the company’s total shareholding to 75.09 per cent. As a related party transaction conducted at arm’s length, this acquisition grants Tembo Global significant control over the target entity, which was incorporated on February 13, 2024 and was formerly known as Tembo Defence Products Private Limited.
The primary objective of this acquisition is to allow Tembo Global Industries to aggressively explore and capture new business opportunities within the high-growth defence sector. Tembo Classic Engineering specialises in the manufacturing, repairing, testing and trading of armaments and sophisticated defence equipment. By integrating these specialised capabilities, Tembo Global aims to diversify its industrial footprint beyond its traditional lines of business, leveraging the target entity's expertise in defence product maintenance and refitting to establish a robust presence in India's strategic manufacturing landscape.
About the Company
Incorporated in 2010, Tembo Global Industries is a prominent industrial entity specialising in the production and assembly of certified metal components for critical infrastructure, including pipe support systems, fasteners, anchors and HVAC installations. The company's products are highly regarded, holding certifications from Underwriter's Laboratory Inc. (USA) and FM Approval (USA) for Fire Sprinkler System installations. Recognised as a 2 Star Export House, Tembo is significantly export-driven, but it has actively diversified its portfolio in recent years, venturing into EPC (engineering, procurement and Construction) contracting in 2023 and further expanding into the manufacturing of defence products and the Solar power sector in 2024.
On Wednesday, shares of Tembo Global Industries Ltd jumped 4 per cent to Rs 582.50 per share from its previous closing of Rs 560 per share. The company has a market cap of Rs 896 crore and as of September 30, 2025, the Order Book stands at Rs 1,335 crore with an L1 order bidding pipeline worth Rs 2,150 crore. The stock is up over 50 per cent from its 52-week low of Rs 386 per share.
Disclaimer: The article is for informational purposes only and not investment advice.