Tube Investments of India Limited (TIINDIA) — Announcement Announcement
📢 Key Event
TII announces incremental investment in 3xper Innoventure Limited
🔄 What Changed
Rs.75 crores investment by TII and Rs.25 crores by promoter
💡 Investor Takeaway
The investment strengthens TII's stake in 3xper's pharma manufacturing growth.
Tube Investments of India announced an incremental investment of Rs.75 crores by the company and Rs.25 crores by promoter N Govindarajan into 3xper Innoventure Limited through compulsorily convertible preference shares. The investment supports 3xper's expansion in contract development and manufacturing within the pharmaceutical sector. The transaction involves issuing 1 crore CCPS at Rs.100 per share, with closing contingent on regulatory and contractual conditions precedent.
📄 View Original Announcement (PDF)
About Tube Investments of India Limited (TIINDIA)
Automobile and Auto Components · Auto Components · Listed on NSE
Market Cap: ₹55,168.37 Cr
P/E: 47.4
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.