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Announced

26 Nov 2020

Azim Premji Trust and SBI Mutual Fund to invest $48m in Muruguppa-backed Tube Investments.

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.

Principals

target

Tube Investments Of India

bidder

Sbi Mutual Fund

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Market Context

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Seller Team (5)

vellayan subbiah

CEO at TUBE INVESTMENTS OF INDIA

Manager

target

Deals

£ 117 M

Total Value

arnav shah

Senior Associate at Cyril Amarchand Mangaldas

Lawyer

target

Deals

£ 1.24 B

Total Value

l. viswanathan

Chairman at Cyril Amarchand Mangaldas

Lawyer

target

Deals

£ 19.52 B

Total Value

gautam gandotra

Partner at Cyril Amarchand Mangaldas

Lawyer

target

Deals

£ 916 M

Total Value

ananya pandit

Associate at Cyril Amarchand Mangaldas

Lawyer

target

Deals

£ 106 M

Total Value

Bidder Team (2)

vinay m. tonse

CEO at SBI MUTUAL FUND

Manager

bidder

Deals

£ 295 M

Total Value

anurag behar

CEO at AZIM PREMJI TRUST

Manager

bidder

Deal

£ 36 M

Total Value

Vendor Team (1)

m. m. murugappan

Chairman at MURUGAPPA GROUP

Manager

vendor

Deals

£ 106 M

Total Value

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