SBI Mutual Fund invested, by way of a preferential allotment, of Rs. 150 crore in Tube Investments of India Limited (“TIIL”), a listed public limited company which is part of the Murugappa Group.

The board of Tube Investment of India (TIIL) has approved raising Rs 350 crore from Azim Premji Trust and SBI Mutual Fund.

— Business Standard

Argus Partners advised SBI Mutual Fund led by a team of partner Vinod Joseph, partner Suchita Ambadipudi, associate Protiti Basu and associate Anurag Prasad.

Cyril Amarchand Mangaldas advised Tube Investments of India Limited, led by a general corporate team of partner L Viswanathan; and partner Gautam Gandotra with support from principal associate Arnav Shah; and associate Ananya Pandit.

2020-11-26

Deal value: Rs. 150 crore

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