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Tube Investments board nods to convert 9 cr warrants in CG Power and Industrial Solutions; Stock sheds 1%

13 Jan 2022 , 11:16 AM

Tube Investment

Tube Investments of India Ltd has informed that the Board of Directors of the Company at the meeting held on January 12, 2022 approved exercise of the option by the Company to convert up to 9,00,00,000 Share Warrants into equal number of equity shares of CG Power and Industrial Solutions Limited, by paying the balance 75% subscription money before the end of current financial year.

At around 11:19 AM on Thursday, Tube Investments of India was trading at Rs1,813.90 apiece down by Rs23.75 or 1.29%.

Previously, the scrip ended at Rs1,837.65 apiece on the BSE.

Related Tags

  • allotment
  • news
  • Tube Investments of India Ltd
  • Tube Investments of India Ltd shares
  • Tube Investments of India Ltd stocks
  • warrants
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