India’s Tube Investments board to discuss debenture issue April 30

By Sarah Lizee

Olympia, Wash., April 17 – Tube Investments of India Ltd. informed the Bombay Stock Exchange that its board of directors will meet on April 30 to consider a recommendation to shareholders for their approval of an issue of nonconvertible debentures.

The debentures would be issued in fiscal year 2019-2020 in one or more tranches, the company said in a notice.

Tube is a holding company based in Chennai, India, for the manufacturing of cycles and components, steel strips and tubes, and metal formed products.

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