Tube Investments of India’s (TIL) board has approved fresh long-term borrowing, to meet the company's fund needs during the financial year 2021-22, of a sum not exceeding in the aggregate Rs 200 crore, including by way of issue of privately placed secured non-convertible debentures, in one or more tranches. The said borrowing is/will be within the overall borrowing limit specified under Section 180(1)(c) of the Companies Act, 2013.
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.
