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Tube Investments Ventures into Metal Molding
6 Feb
Summary
- TII is acquiring Orange Koi for up to ₹73 crore.
- Orange Koi specializes in metal injection molding.
- The acquisition is part of TII's long-term growth strategy.
Tube Investments of India Ltd (TII) is strategically entering the metal injection molding (MIM) sector through the acquisition of Visakhapatnam-based Orange Koi Pvt Ltd. This diversification represents a significant step in TII's long-term growth strategy.
The agreement involves acquiring up to 87% of Orange Koi's equity for an aggregate sum not exceeding ₹73 crore. This acquisition is planned through a combination of share purchases and subscription to new equity.
Orange Koi, with a turnover of ₹4 crore in FY25, is recognized for its expertise in manufacturing precision parts using specialized technologies such as metal injection molding and additive manufacturing, serving the medical and defense industries.
