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CCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited
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....CI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited <br>News and Press Release<br>Dated:- 14-10-2020<br><BR>The Competition Commission o....
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....f India (CCI) approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited. The proposed combination envisages acquisition of more than 50% of the ....
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....equity share capital of CG Power and Industrial Solutions Limited (CG Power) by Tube Investments of India Limited (TIIL). TIIL is a listed entity and forms part of Murugappa group. It has three busin....
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....ess verticals viz. engineering, metal formed products and bicycles. It is engaged in the manufacture of a wide range of products for automotive, railway, construction, mining and agriculture industrie....
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....s. CG Power is a listed entity. It has two major business units viz. power systems and industrial systems. The power systems business unit focuses on power transmission, distribution, power solutions....
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...., setting up of integrated power systems and associated services businesses. Industrial systems business unit consists of rotating machines (motors and alternators), automated AC, DC and variable freq....
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....uency drives and control systems as well as traction electronics and machines, signalling and coach products and integrated solutions for railway transportation. A detailed order of the CCI will foll....
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....ow.<BR> News - Press release - PIB....