Tube Investments of India (TII) has executed definitive agreement for subscription of 67% equity stake in Kcaltech System India (KCAL India), a subsidiary of KC Altech Company based in South Korea (KCAL Korea). This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in Heating, Ventilation, and Air Conditioning (HVAC) systems for automobiles. The proposed investment will support KCAL India’s expansion plans, including increasing its manufacturing capabilities.
The proposed acquisition aligns with TII’s long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core offerings. With the rising demand for automobiles in India, fuelled by increasing population, disposable income, and government initiatives, TII is targeting the aluminium tubes and parts segment as a key growth area.
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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 122.85 |
| Tube Investments | 2740.15 |
| Bosch | 37544.00 |
| UNO Minda | 1098.20 |
| CIE Automotive India | 487.00 |
| View more.. | |
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