Chennai, Feb. 6 -- Tube Investments of India Limited (TII), a leading player in the engineering and manufacturingsector and part of the Murugappa Group conglomerate, on Friday announced its strategic entry into the metal injectionmolding business.
Marking its initial strategic move in this direction, it has announced the execution of definitive agreements for acquisitionof 87% equity stake in Orange Koi Private Limited (Orange Koi) through a combination of primary infusion and secondaryacquisition, in one or more tranches, for a total sum of up to Rs 73 crore.
The proposed acquisition aligns with TII's long-term growth strategy, as it continues to diversify into adjacent businesssegments that complement its core strength, a company statem...