Tube Investments acquires 9 crore equity shares of CG Power after conversion of warrants

11 Feb 2022 , 04:21 PM

The board of directors of CG Power and Industrial Solutions Limited which is a subsidiary of the company have issued and allotted 9 crore equity shares of CG Power to Tube Investments of India Limited pursuant to the conversion of 9 crore share warrants.

The total shareholding of the company in CG Power has increased to 80,12,51,887 equity shares comprising 55.57% of the total post-allotment issued and paid-up capital of CG Power.

After this conversion, the company continues to hold 8,52,33,645 warrants of CG Power. The total shareholding of the Company in CG Power on a fully diluted basis remains unchanged.

Tube Investments of India Ltd istock trade on Friday ended at Rs1,686.10 per share down by Rs25.2 or 1.47% from its previous closing of Rs1,711.30 per share on the BSE.