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TMI BlogCCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India LimitedX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited X X X X Extracts X X X X X X X X Extracts X X X X ..... of India (CCI) approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited. The proposed combination envisages acquisition of more than 50% of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equity share capital of CG Power and Industrial Solutions Limited (CG Power) by Tube Investments of India Limited (TIIL). TIIL is a listed entity and forms part of Murugappa group. It has three busi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ness verticals viz. engineering, metal formed products and bicycles. It is engaged in the manufacture of a wide range of products for automotive, railway, construction, mining and agriculture industri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. CG Power is a listed entity. It has two major business units viz. power systems and industrial systems. The power systems business unit focuses on power transmission, distribution, power solution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, setting up of integrated power systems and associated services businesses. Industrial systems business unit consists of rotating machines (motors and alternators), automated AC, DC and variable fre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quency drives and control systems as well as traction electronics and machines, signalling and coach products and integrated solutions for railway transportation. A detailed order of the CCI will fol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... low. X X X X Extracts X X X X X X X X Extracts X X X X
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