Tube Investments of India (TIIL) has received approval from Competition Commission of India (CCI) for acquisition of over 50 per cent stake in CG Power and Industrial Solutions. In August, TIIL offered to invest Rs 700 crore in CG Power for more than 50 per cent stake.
Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.