Tenneco Clean Air

SBI Mutual Fund acquired 2,10,63,692 shares of Tenneco Clean Air India in the market on 12 August, taking its holding above 5%. Its stake rose from 0.8905% to 6.1094%, or 2,46,57,740 shares, at the close of trading. The shares carried no pledge or other encumbrance, and the transaction did not involve an issue of new equity. On the same date, promoter entities sold 15% of Tenneco in the open market, reducing their combined holding from 66.84% to 51.84%.

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Tenneco Mauritius Holdings Limited and Tenneco (Mauritius) Limited sold 6.05 crore shares of Tenneco Clean Air India in the open market on 12 August 2026. The sale represented 15% of the company's equity and reduced the promoter group's holding from 66.84% to 51.84%, while leaving the sellers as the controlling shareholder group. Tenneco Clean Air India listed on the BSE and NSE in November 2025 after a share-swap transaction involving four operating subsidiaries. The company reported FY26 revenue of ₹5,404 crore and profit after tax of ₹604 crore.

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** Shares of Tenneco Clean Air TENN.NS fall 4.7% to 553.35 rupees; on track for worst day since June 1

** Manufacturer of clean air, powertrain and suspension solutions for auto original equipment manufacturers posted first-quarter profit decline of 1.7% y/y; rev from ops up more than 20% y/y

** Stock on avg rated "buy" by 5 analysts; median PT is 660 rupees - SEG-compiled data

** Stock up nearly 9% YTD

(Reporting by Abhirami G in Bengaluru)

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** Shares of automotive emissions control systems maker Tenneco Clean Air India TENN.NS rise as much as 4.34% to 595 rupees

** Axis Capital reiterates "buy" on the stock and raises price target to 660 rupees from 650 rupees earlier, implying an upside of 15.7% over its last close

** Says TENN is a play on structural premiumization trends and the shift towards stringent emission norms in India

** Brokerage raises earnings estimates for financial year 2027 and 2028 by 1%-2%

** Sees exports as an added growth driver for TENN over the medium term

** TENN shares are up 15.2% in 2026 so far, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Citi Research initiates Tenneco Clean Air India TENN.NS with "buy" rating and PT of 650 rupees

** Stock rises 6.2% to 547.15 rupees

** Citi says its rating for TENN reflects attractive revenue growth prospects, strong parentage of Tenneco Group, and healthy return ratios

** Says TENN has access to global technology as it is part of Tenneco Group

** "Additionally, orders from Tenneco’s other locations could also be transferred to Tenneco Clean Air India, significantly boosting exports," Citi adds

** YTD, TENN up 6.8%

(Reporting by Vivek Kumar M in Bengaluru)

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** Shares of Tenneco Clean Air India TENN.NS rise 2.6% to 534 rupees

** JM Financial initiate coverage with "Buy" and a PT of 610 rupees

** TENN makes clean air, powertrain, and suspension solutions for Indian automobile makers

** Says co has outperformed domestic peers due to strategic raw material sourcing and a growing share of high-value, high-margin products

** Notes, Tenneco Global's positioning for the unit as an export hub will leverage cost advantages and estimates it to make ~20% of value added revenue by FY30 from current 6%

** Premiumisation in India's PV market will drive growth for TENN as larger SUVs and advanced suspension systems will offer up to 4x higher value than conventional setups - JM Financial

** TENN up ~9% since Nov 2025 listing

(Reporting by Urvi Dugar in Bengaluru)

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** Shares of Tenneco Clean Air India TENN.NS jump 28.6% to 510.55 rupees in trading debut, valuing co at 206.06 bln rupees ($2.33 bln) as of 10:11 IST

** Stock opened at 505 rupees on the National Stock Exchange of India, 27.2% higher than IPO price of 397 rupees

** The Tenneco Group company's 36-bln-rupee IPO, comprising entirely sale of shares by promoter Tenneco Mauritius Holdings, was subscribed 58.8x

** TENN makes clean air, powertrain, and suspension solutions for Indian automobile makers and export markets

** Overall trading vols at 34 mln shares so far

($1 = 88.4860 Indian rupees)

(Reporting by Vijay Malkar)

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