Tube Investments of India has informed that in terms and allotment of the CCPS, the CCPS were to be converted into 1,22,85,012 equity shares of Rs 10 each at a conversion price of Rs 407 (including a premium of Rs 397) per equity share at the end of 12 months from the date of allotment or earlier at the discretion of the Board of Directors of CIFCL.
The above information is a part of company’s filings submitted to BSE.