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Tube Investments acquires stake in French co
13 February 2010: Tube Investments of India (TII) has acquired a controlling stake in Financiere C10, part of the Sedis Group of France, for about Rs 45 crore.
TII has acquired 77 per cent of equity of Financiere C10 (FC 10). TII acquired this shareholding directly from the financial investors in FC 10 and a few other shareholders. The management shareholders will continue to hold the remaining shares in FC 10 and be associated with Sedis for a period of three years.
Source: Hindu Business Line