Tube Investments of India has taken over a substantial 76.2% stake in Orange Koi, marking the latter as a new subsidiary under its control. The acquisition was finalized by purchasing approximately 8,94,072 shares.
Tube Investments of India Limited
TIINDIARecent Discussions
Tube Investments has finalized a purchase of 5.45% stake in TIVOLT, amounting to Rs. 30 crore, thus gaining full ownership over the company following the acquisition of an additional 3 crore equity shares.
Tube Investments has announced an investment of INR 250 crore into Ti Clean Mobility through convertible shares, aiming to boost their electric vehicle operations.
Tube Investments of India Ltd (TII) has infused Rs. 250 crore into its subsidiary, TI Clean Mobility Pvt Ltd (TICMPL), through the Compulsorily Convertible Preference Shares (CCPS) route. This investment aims to expand TICMPL's electric mobility operations, with agreements outlining shareholder rights and conditions.
The Murugappa Group, under Vellayan Subbiah's leadership, underscores the importance of free cash flow for driving strategic decisions and fostering growth within manufacturing firms. Tube Investments and CG Power have seen growth due to disciplined capital allocation strategies. Post-COVID, the group is considering entering the semiconductor market with government support as part of their diversification efforts.
According to MarketsMojo's latest assessment in March 2026, Tube Investments of India Ltd has been given a 'Hold' rating, suggesting investors should maintain their current position due to the company's recent financial metrics and market performance.