Acquisitions31 Jan 2025, 09:25 pm
Tube Investments of India Acquires 67% Stake in Kcaltech System India Private Limited
AI Summary
On 31st January 2025, Tube Investments of India Limited (TIl) has successfully acquired 67% of the subscribed and paid-up equity share capital of Kcaltech System India Private Limited (Kcaltech). This acquisition makes Kcaltech a subsidiary of TIl under section 2(87) of the Companies Act, 2013. The acquisition is in compliance with the SEBI Regulations, 2015.
Key Highlights
- Tube Investments of India Limited has acquired 67% of Kcaltech System India Private Limited's equity shares.
- Kcaltech System India Private Limited has become a subsidiary of Tube Investments of India Limited.
- The acquisition is in compliance with the SEBI Regulations, 2015.