Page 2 - Tube Investments Of India

TI Clean Mobility to acquire 65% in IPL Tech Electric for Rs 246 cr

The deal would be done through a combination of primary and secondary purchases of shares

Tube Investments gains 4% as arm acquires majority stake in an EV startup

The company to buy 65.2 per cent stake in lPL Tech Electric Private Limited a startup engaged in manufacturing and sale of electric heavy commercial vehicles.

Tube Investments to launch electric 3-wheeler passenger vehicles by March

Following this, TII will gradually look into the cargo segment, scooters and e-rickshaws

Tube Investments net profit in third quarter rises 37% to Rs 107 cr

The company's revenue for the quarter was at Rs 1,309 cr as against Rs 976 cr in the corresponding quarter of the previous year

Top headlines: India loses Cairn arbitration case; Honda shuts Noida plant

Business Standard brings you top news of the evening

Tube Investments increases stake in CG Power after preferential allotment

Initially, TII invested around Rs 700 crore to acquire 51% stake in the scam-hit CG Power and Industrial Solutions

Tube Investments looks to reduce dependence on automobile industry

With the largest acquisition in its history, the Murugappa flagship is looking to reduce its dependence on the automobile industry and find new markets

CG Power to start creating cash next year and pay debt: Tube Investments MD

In an interview with Business Standard, Vellayan Subbiah, MD, spoke on how the acquisition fits in the firm's strategy and how it plans to turn around CG Power

Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%

The company has agreed to raise Rs 350 crore on a private placement basis via preferential allotment to Azim Premji Trust and two schemes of SBI Mutual Fund (MF)

TII to raise money from Azim Premji, SBI MF to acquire CG Power, fund capex

TII will raise Rs 350 crore from Azim Premji Trust and SBI Mutual fund through preferential issue

Tube Investments to allot shares worth Rs 350 cr to Premji Trust, SBI MF

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

Tube Investments to allot shares worth Rs 350 cr to Premji Trust, SBI MF

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

CG Power up 5% on additional Rs 100 crore investment by Tube Investments

The proposed investment is in addition to Rs 700 crore approved for investment in the equity shares and share warrants of CG Power by TII

CG Power: Investors should keep an eye on progress in deal completion

A strong partner should help business growth; further gains hinge on pricing, deal completion

Murugappa's Tube Investments plans to set up truck body building plants

TMT bars & Truck Body Building businesses are more like venture capital investments at the incubatory stage, says management

Tube Investments hits 10% upper circuit on strong Q4 nos, fund raising plan

The Board approved to raise fresh long-term borrowing to meet the company's financial needs during financial year 2020-21, for a sum not exceeding in the aggregate Rs 200 crore

Tube Investments up for third straight day; stock hits new high

The stock up 5% to Rs 359, gaining 9% in past three days, as compared to 1% rise in the S&P BSE Sensex.

Tube Investments India to demerge manufacturing, finance arms by June: MD

Murugappa Group's one of the major businesses, Tube Investments of India (TII), last year decided to demerge its manufacturing business undertaking, including manufacturing of tubes and components, bicycles and fitness products and chains for auto and industrial sectors to a wholly owned subsidiaryTI Financial Holdings Ltd. It is also looking at investing into start ups, and has evaluated a few already. In an interaction with Gireesh Babu, the company's Managing Director L Ramkumar explains the strategy and plans of the company. Edited excerpts: What is the status of your plans to demerge the manufacturing business?TII today is manufacturing company holding shares in insurance (Cholamandalam MS General Insurance) and NBFC (Cholamandalam Investment and Finance Company). For an investor who looks at TII, they do not know whether it is a manufacturing company or a financial services company into which he is investing into. Normally investors like to have a focused investment. For a long .