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Tube Investments gets nod for long term borrowing up to Rs 300 crore

15 May 2023 Evaluate

Tube Investments of India has received approval for long term borrowing up to Rs 300 crore by way of term loan and/or by way of issue of privately placed secured non-convertible debentures, in one or more tranches, if required, to meet the Company's fund requirements for FY 2023-24. The Board of Directors of the company in its meeting held on May 15, 2023, 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.

Peers
Company Name CMP
SamvardhanaMotherson 169.15
Tube Investments 2263.45
Bosch 50499.00
UNO Minda 1370.00
Bombay Burmah Trdg. 1303.05
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