Tube Investments of India gets nod to raise Rs 200 crore through NCDs

28 May 2020 Evaluate

Tube Investments of India has received approval to raise aggregate sum not exceeding Rs 200 crore by issuing non-convertible debentures (NCDs). The NCDs will be issued on private placement basis in one or more tranches. The Board of Directors of the company at its meeting held on May 27, 2020 has approved the same.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Tube Investments Share Price

3731.05 -69.80 (-1.84%)
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