Tube Investments of India, a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains, announced it has incorporated TI Clean Mobility Private Limited,(TCMPL), a wholly-owned subsidiary of the company on February 12, 2022. According to the company’s exchange filing, “we would like to inform that the Company viz., Tube Investments of…
Tube Investments of India Limited announced the acquisition of 70% stake in Cellestial E-Mobility Private Limited (Cellestial) for Rs 161 crores. Cellestial is a start-up company engaged in design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. According to the company’s exchange filing, “The proposed investment is in line…
Tube Investments of India Limited, a leading engineering company based in India, announced the appointment of Sasikala Varadachari as Independent Director and Additional Director. Tube Investments of India is a wholly owned subsidiary of Murugappa Group. According to the exchange filing, the Board appointed Ms. Sasikala Varadachari (DIN 07132398) as Additional Director and Independent Director…
CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India Ltd has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital. The company infused Rs 700 crore into the company and appointed directors on its board. According to the stock exchange filing, CG…
Murugappa Group led Tube Investments will be investing Rs 700 crore to acquire 51% stake in CG Power and Industrial Solutions, as per the media reports. The transaction is subject to Tube Investment emerging winner of the Swiss challenge process that the lenders of CG Power will undertake by August 28. This process allows other…
Cholamandalam MS General Insurance Co. Ltd., announced the retirement of S. S. Gopalarathnam as the Managing Director. V. Suryanarayanan, currently President and COO, will take over as the Managing Director of Cholamandalam MS General Insurance Co. Ltd., effective 1st July 2020. S. S. Gopalarathnam retires as Managing Director of Cholamandalam MS General Insurance Co. Ltd.…