Tube Investments of India has received an approval for fresh long-term borrowing of an aggregate sum not exceeding Rs 500 crore, including by way of issue of privately placed secured non-convertible debentures, in one or more tranches, to meet the company’s fund needs during FY 2018-19. The Board of Directors of the company at their meeting held on May 07, 2018, approved the same.
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.
