Tube Investments Of India
TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals
TII will acquire 67 per cent, while Premji Invest will acquire the remaining 33 per cent
 "TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals")
Tube Investment's TI Clean Mobility to raise Rs 3,000 cr by March 2024
Tube Investment India's wholly-owned subsidiary TI Clean Mobility (TICM) will raise Rs 3,000 crore by March 2024 to fuel its electric vehicle business, a release said on Saturday. Of this, TII (Tube Investment India) has already invested Rs 639 crore, the company said in a statement. TICM is focused on manufacturing and marketing of electric three-wheelers. It is also into the manufacturing and marketing of e-tractors an electric heavy commercial vehicles through its subsidiaries. "TI Clean Mobility has signed definitive documents with TII, Multiples Private Equity Fund III, State Bank of India along with other co-investors to raise capital up to Rs 1,950 crore in the form of equity and compulsorily converted preferential shares (CCPS). "The total investment by Multiples, SBI and other co-investors would aggregate up to Rs 1,200 crore," it said in the statement. Investment by TII will be to the tune of Rs 750 crore, of which it has already invested Rs 639 crore by way of equity an
Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent
 "Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall")
Tube Investments of India acquires 50% stake in X2Fuels and Energy
The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore
 "Tube Investments of India acquires 50% stake in X2Fuels and Energy")
Tube Investments hits record high, up 22% in six trading sessions
On September 06, TI Clean Mobility (TCM), a subsidiary of Tube Investments of India, launched it electric vehicle - Montra Electric 3W Auto in Chennai.
 "Tube Investments hits record high, up 22% in six trading sessions")
TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs
The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles
 "TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs")
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 gains 4% as arm acquires majority stake in an EV startup")
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
 "Top headlines: India loses Cairn arbitration case; Honda shuts Noida plant")
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 increases stake in CG Power after preferential allotment")
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
 "Tube Investments looks to reduce dependence on automobile industry")
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)
 "Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%")
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
 "TII to raise money from Azim Premji, SBI MF to acquire CG Power, fund capex")
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
 "Tube Investments to allot shares worth Rs 350 cr to Premji Trust, SBI MF")
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 up 5% on additional Rs 100 crore investment by Tube Investments")
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
 "CG Power: Investors should keep an eye on progress in deal completion")
