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Tube Investments gains on getting CCI’s nod for acquisition of over 50 per cent stake in CG Power

15 Oct 2020 Evaluate

Tube Investments of India is currently trading at Rs. 587.15, up by 1.00 points or 0.17% from its previous closing of Rs. 586.15 on the BSE.

The scrip opened at Rs. 598.00 and has touched a high and low of Rs. 598.00 and Rs. 584.15 respectively. So far 857 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 680.00 on 07-Sep-2020 and a 52 week low of Rs. 255.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 612.00 and Rs. 572.45 respectively. The current market cap of the company is Rs. 11042.71 crore.

The promoters holding in the company stood at 47.89%, while Institutions and Non-Institutions held 38.75% and 13.37% respectively.

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.

Tube Investments Share Price

2789.65 33.55 (1.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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