Trilegal and Amarchand lead on Tube Investments acquisition of 44 stake in Shanthi Gears

Chennai-based Murugappa Group’s Tube Investments has acquired the entire promoter stake in Coimbatore-based listed company Shanthi Gears Limited for Rs. 292 crore ($53 million). Pursuant to a share purchase agreement signed on 13 July, 2012, Tube Investments has acquired 44.12 per cent stake in Shanthi Gears.