Tube Investments of India has received approval for further investment of up to Rs 150 crore in the equity share capital of TI Clean Mobility (TICMPL), a wholly owned subsidiary of the company and provision of Inter Corporate Deposit of an amount not exceeding Rs 100 crore to TICMPL. The board of directors at its meeting held on July 18, 2022 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.
