Venus Investments acquired 548,750 shares, representing a 2.90% stake, in Tembo Global Industries Limited. The shares were acquired at ₹492 apiece for a total of ₹26.99 crore through a preferential allotment.
A manufacturer and trader of fabricated metal products, Tembo Global operates in India's iron and steel sector. Established in 2010, the company specializes in producing metal components and finished products for various industrial applications across the construction, automotive, and engineering sectors. The company distinguishes itself through its integrated approach to manufacturing, quality standards, and reliable supply of metal fabrications to diverse customer segments throughout India.
Venus Investments, through its Venus Stellar Fund, is a Mauritius-based foreign portfolio investor that participates in Indian equities and acts as an anchor investor in SME offerings.