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Explained — The key factor behind today's fall in Cholamandalam and rise in CG Power & Tube InvestmentAccording to a Moneycontrol report, Vellayan Subbiah will give up his exposure linked to Cholamandalam Investment and Finance, while consolidating his position in both Tube Investments of India and CG Power.By CNBCTV18.com February 26, 2026, 10:44:53 AM IST (Updated)1 Min ReadThree stocks belonging to the Murugappa Group, Cholamandalam Investment and Finance Ltd., CG Power Ltd. and Tube Investments of India Ltd. are seeing divergent moves on Thursday, February 26.

While Cholamandalam shares are down as much as 6%, those of Tube Investments of India and CG Power are trading with gains between 2% to 2.5% each, respectively.

According to a newsbreak by Moneycontrol, Vellayan Subbiah has reached a settlement with other promoter branches to align the ownership structure across key group companies, as per people familiar with the matter.

The report states that the agreement will see him give up his exposure linked to Cholamandalam Investment and Finance, while consolidating his position in both Tube Investments of India and CG Power.

CNBC-TV18 is yet to independently verify the veracity of this newsbreak.

A report from the Economic Times dated August 19, 2024 had stated that the turnaround of businesses overseen by Subbiah, particularly CG Power, had become a key sticking point in share-swap discussions among family members.

Shares of Cholamandalam Investment and Finance are looking to recover from the lows of the day, currently trading 2% lower at ₹1,717.5, while those of Tube Investments are trading 1.7% higher at ₹2,662.9. Shares of CG Power are trading 2.4% higher at ₹730.25.Continue ReadingFirst Published: Feb 26, 2026 10:42 AM ISTTagsCG Power & Industrial SolutionsCholamandalam Investment and Finance CompanyMurugappa Groupshare market todayTube Investments of India