You are here: Home » News-CM » Companies » News
Business Standard

Tube Investment receives CCI approval for proposed acquistion

Capital Market 

CG Power & Industrial Solutions announced that under the terms of securities subscription agreement entered with Tube Investments of India, the preferential allotment is subject to the fulfilment of all the conditions precedent set out under the SSA, which inter alia include Tube Investments having received approval of the Competition Commission of India for the preferential allotment.

In this regard, the company has been informed by Tube Investment of India that the Competition Commission of India has vide its letter dated 13 October 2020 (received by Tube Investments on 14 October 2020), accorded the requisite approval.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 15 2020. 09:41 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU