Tube Investments of India has received an approval for investment in the equity share capital of Cauvery Power Generation Chennai not exceeding an amount of Rs 3 crore in connection with proposed power purchase arrangement. It has also received approval for increase in the borrowing powers of the company.
The board of directors at its meeting held on February 04, 2014, has approved and authorized the Postal Ballot process under Companies Act, 1956 seeking Shareholders’ approval 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.
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Paul Merchants | 1033.00 |
Data Infrastructure | 100.00 |
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