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Tube Investments to acquire stake in Great Cycles, Creative Cycles

08 Dec 2017 Evaluate

Tube Investments of India has entered into separate Shareholders Agreement with Shuyuan Gan, Promoters and 100% shareholders of Great Cycles and Creative Cycles for acquiring 80% of the issued and subscribed share capital of each of the said two companies for an aggregate consideration of $3.34 million and a sum equivalent to 80% of the applicable net working capital as on November 30, 2017.

Tube Investments of India is engaged in the business of cycles and accessories; steel strips and tubes, and metal formed products. The company operates through three segments: Cycles and Accessories, Engineering and Metal Formed Products.


Tube Investments Share Price

2789.65 33.55 (1.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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