Announced
Financials
Sources
Tags
Friendly
Public
Single Bidder
Minority
Pending
India
Diversified Industrials
Private Equity
Acquisition
Domestic
engineering company
Synopsis
Investment firms Azim Premji Trust and SBI Mutual Fund agreed to invest $48m in Tube Investments, a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains. An extraordinary general meeting will be held on 21 December to seek approval from the shareholders for the allotment.
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