Tube Investments of India (TIIL) has raised Rs 100 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 1,000 nos. 4.806% NCDs having face value of Rs 10 lakh each on private placement basis.
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.