TI India announces termination of GDR Program

19 Aug 2022 , 01:51 PM

Tube Investments of India Limited announced the final termination of the Global Depository Receipts Program.

The company has made this announcement in continuation to its letter dated May 12, 2022.

Company further stated that M/s. BNY Mellon, the depository of TI’s GDR Program vide their communication received by the Company on August 18, 2022, has informed that the GDR Program stands terminated with effect from August 12, 2022.

Tube Investments of India is a Murugappa Group firm that specializes in engineering, bicycles, metal-formed items, and chains.

At around 1.50 PM, TI India was trading 0.11% higher at Rs2,171.35 apiece, against the previous close of Rs2,168.95 on NSE. So far, it hit intraday high and low of Rs2,200 and Rs2,157.25 respectively.