Announced Mon, 6 Apr · 20:01 IST
TII acquires 76.24% in Orange Koi, makes it a subsidiary
TIINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹2592.60
prior close
₹2582.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-1.5-1.2-2.2+5.9+5.5+5.5+4.2+6.4+7.7+14.7+16.4+16.9+14.7
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AI summary
Tube Investments of India (TII) has acquired 8,94,072 equity shares of face value Rs.10 each, representing 76.24% of the paid-up equity share capital of Orange Koi Private Limited. Consequently, Orange Koi has become a subsidiary of TII under Section 2(87) of the Companies Act, 2013. This is a further update to TII's earlier communication dated 6th February 2026 regarding the acquisition.
Likely market impact
Adds a new subsidiary to TII's portfolio; deal value, funding source, and Orange Koi's business details are not disclosed in this update.