Tube Investments of India Acquisition Worth ₹250 Cr
Tube Investments of India invested Rs. 250 Crore to subscribe for Series C Compulsorily Convertible Preference Shares in its subsidiary, TI Clean Mobility Private Limited.
- Value
- ₹250.0 Cr
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Tube Investments of India invested Rs. 250 Crore to subscribe for Series C Compulsorily Convertible Preference Shares in its subsidiary, TI Clean Mobility Private Limited.
Tube Investments of India acquired an additional 2.69% stake in its subsidiary, Shanthi Gears Limited, for ₹77.49 Crore through a block deal.
Tube Investments of India Limited (TII) has acquired a 76.24% equity stake in Orange Koi Private Limited for an undisclosed amount. Consequently, Orange Koi has become a subsidiary of TII. This strategic acquisition expands TII's corporate portfolio and operational footprint.