Tube Investments of India acquire majority stake in Moshine Electronics

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Tube Investments of India has completed the acquisition of 20,66,628 equity shares of the face value of Rs. 10/- each, representing 76% of the subscribed and paid up share capital of Moshine Electronics at a revised
consideration of Rs. 7.38 crore (original consideration of Rs. 8.64 crore).

Effective today, Moshine has become a subsidiary of the Company.

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