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Multiples PE backs Murugappa group's TI Clean Mobility in maiden EV bet

Manufacturing

25 February, 2023

Multiples PE backs Murugappa group's TI Clean Mobility in maiden EV bet

Multiples Alternate Asset Management and its co-investors are investing up to Rs 1,200 crore ($144.7 million) in Murugappa group company TI ......

Tube Investments raises funding from Azim Premji Trust, SBI Mutual Fund

Manufacturing

27 November, 2020

Tube Investments raises funding from Azim Premji Trust, SBI Mutual Fund

Murugappa Group company Tube Investments of India Ltd has announced fundraising of Rs 350 crore ($47 million) from Azim Premji ......

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Murugappa Group to pick up a larger controlling stake in CG Power

Manufacturing

02 September, 2020

Murugappa Group to pick up a larger controlling stake in CG Power

Murugappa Group company Tube Investments of India Ltd has proposed to inject more capital into fraud-hit CG Power & Industrial ......

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KKR makes partial exit from manufacturing firm as it cleans up its debt book

Manufacturing

14 August, 2020

KKR makes partial exit from manufacturing firm as it cleans up its debt book

Global alternative assets giant KKR, which has been under pressure in India for its debt investments, has sold a bulk ......

Tube Investments to take control of KKR-backed CG Power

Manufacturing

07 August, 2020

Tube Investments to take control of KKR-backed CG Power

Murugappa Group company Tube Investments of India Ltd will take control of CG Power & Industrial Solutions Ltd, a fraud-hit ......

Murugappa Group firm to buy 80% in two Sri Lankan cycle makers

Manufacturing

07 December, 2017

Murugappa Group firm to buy 80% in two Sri Lankan cycle makers

Tube Investments of India Ltd, one of Murugappa Group's major businesses, has entered into an agreement to acquire 80% stake ......