Tube Investments of India Ltd allots securities on conversion of CCPS

In terms and allotment of the CCPS, the CCPS of Tube Investments of India Ltd were to be converted into 1,22,85,012 equity shares of Rs.10/- each at a conversion price of Rs.407/- (including a premium of Rs.397/-) per equity share at the end of 12 months from the date of allotment or earlier at the discretion of the Board of Directors of CIFCL.

Shares of TUBE INVESTMENTS OF INDIA LTD. was last trading in BSE at Rs.389.45 as compared to the previous close of Rs. 404.9. The total number of shares traded during the day was 5669 in over 207 trades.

The stock hit an intraday high of Rs. 399.9 and intraday low of 387.5. The net turnover during the day was Rs. 2224192.

Source : Equity Bulls

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