Tube Investments of India signs depository agreement with Bank of New York Mellon

For 42,23,460 GDRs allotted pursuant to scheme of arrangement for demerger

Tube Investments of India has established a Global Depository Receipts Programme by executing a Depository Agreement on 29 January 2018 with the Bank of New York Mellon, New York, USA pursuant to which BHYM will be acting as the Depository for the GDRs being issued in respect of 42,23,460 (representing 2.25% of the company's paid up capital) underlying equity shares of the company allotted pursuant to the scheme of arrangement for demerger between TI Financial Holdings (formerly Tube Investments of India - demerged company) and the company (resulting company).

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