Minerva Ventures Fund acquired 609,750 shares of Tembo Global Industries, representing a 3.22% stake. The investment is valued at ₹29.99 crore, with an average price of ₹492 per share.
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.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.