At meeting held on 02 September 2020
The Board of Tube Investments of India at its meeting held on 02 September 2020 has approved an additional investment in 6,87,28,522 equity shares of CG Power and Industrial Solutions to be issued to TII at Rs.14.55/- per equity share on a preferential issue basis under Regulation 164A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.The additional investment into CG power is being proposed in order to meet the additional funding requirements of CG Power and is subject to necessary corporate authorizations and statutory approvals.
The proposed investment is in addition to Rs.700,00,00,005/- approved for investment in the equity shares and share warrants of CG Power by TII's Board of Directors on 07 August 2020.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app