Tube Investments of India (TII) has received an approval for a proposed investment by the company in the share capital of the new joint venture company (JVC) to be incorporated in India along with Tsubamex Company, Japan. The board of director at its meeting held on August 02, 2013 has approved and authorized the Postal Ballot process under Companies Act, 1956 for the same.
Tube Investments of India, is the flagship company of the Murugappa Group with multiple businesses ranging from diversified auto-ancillary products, bicycle retailing to financial services and insurance.
