Tube Investments of India participates in rights issue of subsidiary; Stock trades flat

3 Mar 2022 , 10:48 AM

Tube Investments of India Limited’s (TII) wholly-owned subsidiary Tl Clean Mobility Private Limited allotted 9.95 crore equity shares worth Rs10 each to the company.

“The Board of Directors of Tl Clean Mobility Private Limited, a wholly-owned subsidiary, has on March 2, 2022 allotted 9,95,00,000 equity shares of Rs10/- each to the Company viz., Tube Investments of India Limited pursuant to subscription to the rights issue by the Company,” TII said in a regulatory filing on Wednesday.

At around 10.50 am, Tube Investments of India Ltd was trading at Rs1,509.20 per piece down by Rs8.45 or 0.56% from its previous closing of Rs1,517.65 per piece on the BSE.