Tube Investments of India takes over majority stake in CG Power and Industrial Solutions, holds 50.62 pc equity
CG Power and Industrial Solutions on Thursday said Murugappa Group firm Tube Investments of India Ltd (TIL) has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital.
The company also said it has received Rs 587.50 crore from the TIL, it said in a BSE filing.
