19 Jun, 2013
The Leela Palace, Bengaluru
Friday, July 13, 2012 - 17:01 IST
Murugappa Group to buy 44.12% promoter stake in Shanthi Gears for $53.3M 
BY Megha Arora
Deal is at a high premium compared to valuation of peer group in power transmission products as per VCCircle estimates.
Murugappa Group’s flagship company, Tube Investments of India Ltd (TII), engaged in diversified operations such as auto-ancillary products, bicycle retailing, financial services and insurance, will buy 44.12 per cent promoter stake in Coimbatore-based power transmission components manufacturer, Shanthi...
To continue reading this article, you must be a Premium subscriber...
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.
JOBS
- Associate - Red Fort Capital Advisors Pvt Ltd
- The Private Equity Associate - Nereus Capital
RECENT COMMENTS
- 15 May 2013AMULYA DEonLAFARGE IS A VERY GOOD COMPANY AND GOOD NEWS FOR NEW PROJECT.
- 04 May 2013kartikonCamson Biotech is a good company. I have been tracking its performance for a long time. I was long hoping some PE...
- 04 May 2013VaradhaonSaurabh Very well said - I have always believed that investing is a very individual, lonely affair - so it is...
- 02 May 2013AnuragonPlantar technology? Interesting, never heard about this company.
UPCOMING EVENTSchinetwork