Tube Investments of India has allotted 1,000 nos 7.56% Secured Redeemable Non-convertible Debentures of Rs 10 lakh each aggregating to Rs 100 crore on private placement basis on December 28, 2017.
The NCDs will be listed on the wholesale debt market segment of NSE. The tenure of the NCDs will be for a period of 3 years and the date of maturity will be December 28, 2020.
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.
