Tembo Global Industries Limited — JV/Acquisition, 03-02-2026: Acquisition

Tembo Global Industries has acquired a 61.37% stake in Tembo Classic Engineering Private Limited for Rs. 126.71 Cr, bringing its total ownership to 75.09%. This strategic acquisition marks Tembo Global's entry into the high-potential defence sector. Tembo Classic Engineering specializes in manufacturing, repairing, and trading armaments and defence equipment. This move expands Tembo Global's product portfolio and operational footprint, tapping into new business opportunities within a critical industry. Investors should note the company's diversification strategy.