# CCI approves Tube Investments of India acquisition of majority stake in CG Power

The Competition Commission of India approved the acquisition of more than 50% equity share capital of CG Power and Industrial Solutions Limited by Tube Investments of India Limited, part of the Murugappa group.

- Type: Acquisition
- Announced: 2020-10-14
- Where: India
- Status: announced
- Products: power systems, industrial systems, motors, alternators, drives, control systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md) (target)
- [Tube Investments of India](https://endata.com/companies/49073.md) (acquirer)

## Sources

- [pib.gov.in](https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1664237), 2020-10-14: "CCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.