Tube Investments of India Limited (TII) has announced its acquisition of a 67% equity stake in Kcaltech System India Private Limited for ₹62 crore. The investment will be made through subscription to new equity shares under a Share Subscription cum Shareholders’ Agreement signed on November 27, 2024.
Kcaltech specializes in manufacturing aluminum tubes and parts for Heating, Ventilation, and Air Conditioning (HVAC) systems, primarily for the automotive sector. This strategic acquisition aligns with TII’s growth plans and strengthens its presence in the automotive components industry.
Key Highlights:
- Acquirer: Tube Investments of India Limited (TII)
- Target: Kcaltech Systems India Private Limited
- Stake Acquired: 67%
- Investment Value: ₹62 crore
TOPICS:
Tube Investments of India