Tube Investments of India allots equity shares

On Conversion of preference share

Tube Investments of India announced that in terms and allotment of the CCPS, the CCPS 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.

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