Tube Investments of India has established a Global Depository Receipts (GDR) Programme by executing a Depository Agreement on January 29, 2018 with Bank of New York Mellon, New York, USA (BNYM) pursuant to which BNYM will be acting as the Depository for the GDRs being issued in respect of 42,23,460 (representing 2.25% of the company’s paid up capital) underlying equity shares of the company allotted pursuant to the Scheme of Arrangement for Demerger between TI Financial Holdings (formerly Tube Investments of India - Demerged Company) and the company.
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.
