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Tube Investments advances on planning to acquire stake in Great Cycles, Creative Cycles

08 Dec 2017 Evaluate

Tube Investments of India is currently trading at Rs. 260.45, up by 10.40 points or 4.16% from its previous closing of Rs. 250.05 on the BSE.

The scrip opened at Rs. 259.85 and has touched a high and low of Rs. 265.00 and Rs. 257.15 respectively. So far 2,395 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 307.55 on 13-Nov-2017 and a 52 week low of Rs. 233.00 on 07-Nov-2017.

Last one week high and low of the scrip stood at Rs. 265.00 and Rs. 247.00 respectively. The current market cap of the company is Rs. 4,883.00 crore.

The promoters holding in the company stood at 49.92% while public and others held 49.69% and 0.38% respectively.

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
View more..

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