As many as 3.2 crore shares of the company changed hands in the block deal. The number of shares that changed hands amount to 8% of the total outstanding equity of Tenneco Clean Air India.
Last week, Tenneco Clean Air India said it expects to maintain double-digit revenue growth in 2026-27 (FY27), supported by strong domestic original equipment manufacturer (OEM) demand, rising exports and market share gains in its suspension business, CEO Arvind Chandra said.
While macroeconomic uncertainties, including the West Asia conflict, tariffs and global demand, remain risks, India continues to offer a strong growth environment, he added.
Chandra said the company’s technology-led suspension business is expected to continue outpacing the broader market, while its Clean Air and Powertrain businesses are also likely to deliver healthy growth over the next three years.
He added that Tenneco is actively evaluating merger and acquisition (M&A) opportunities and investments across internal combustion engine (ICE), hybrid and electric vehicle (EV) segments, supported by its debt-free balance sheet and strong cash generation.
For the April-June quarter of 2026 (Q1FY27), Tenneco Clean Air India reported a 20% year-on-year increase in revenue to ₹1,545 crore, compared with ₹1,286 crore a year earlier. Value-added revenue rose 18% to ₹1,381 crore from ₹1,167 crore.Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 8% to ₹247 crore from ₹229 crore, although the EBITDA margin narrowed to 17.9% from 19.6% a year earlier. Net profit declined 2% year-on-year to ₹165 crore, compared with ₹168 crore in the year-ago period.
Shares changed hands at an average price of ₹529 per share, implying a total transaction value of ₹1,699 crore.
First Published: Aug 12, 2026 9:30 AM IST
