Tube Investments of India shines on getting nod to raise Rs 200 crore through NCDs

28 May 2020 Evaluate
Tube Investments of India is currently trading at Rs. 336.55, up by 26.35 points or 8.49% from its previous closing of Rs. 310.20 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 341.20 and Rs. 320.00 respectively. So far 10002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.00 on 27-Feb-2020 and a 52 week low of Rs. 255.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 341.20 and Rs. 307.00 respectively. The current market cap of the company is Rs. 6344.14 crore.

The promoters holding in the company stood at 47.89%, while Institutions and Non-Institutions held 38.01% and 14.10% respectively.

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%)
28-Mar-2024 16:01 View Price Chart
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