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.
