Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Azim Premji Trust, SBI Mutual Fund to invest in preferential issue of Tube Investments of India Ltd

Posted On: 2020-11-26 00:24:20 (Time Zone: Arizona, USA)


The Board of Directors ("the Board") of Tube Investments of India Limited ("TII") at the meeting held today i.e., 26th November, 2020, have approved the issue of equity shares of TII, having face value of Re.1/- (Rupee One only) each ("Equity Shares"), on a preferential allotment/private placement basis to entities not belonging to the promoter or promoter group of the Company, aggregating up to approximately Rs.350 Crore (Rupees Three Hundred Fifty Crore only), subject to the approval of the shareholders of TII. The Equity Shares are proposed to be issued to the below investors / subscribers at the price arrived at in accordance with SEBI regulations.

Azim Premji Trust will be subscribing for 27,33,360 (Twenty Seven Lakh Thirty Three Thousand Three Hundred Sixty) Equity Shares each fully paid @ Rs.731.70 (Rupees Seven Hundred Thirty One and Paise Seventy only) per Equity Share, which is inclusive of a premium of Rs.730.70 (Rupees Seven Hundred Thirty Paise Seventy only) per Equity Share aggregating to Rs. 199,99,99,512/-.

SBI Mutual Fund will be subscribing for the shares aggregating to Rs. 149,99,99,634/- through the following schemes - SBI Focused Equity Fund, and SBI Magnum Midcap Fund.

SBI Focused Equity Fund will subscribe for 15,03,348 (Fifteen Lakh Three Thousand Three Hundred Forty Eight) Equity Shares each fully paid @ Rs.731.70 (Rupees Seven Hundred Thirty One Paise Seventy only) per Equity Share, which is inclusive of a premium of Rs.730.70 (Rupees Seven Hundred Thirty Paise Seventy only) per Equity Share, aggregating to Rs. 1,09,99,99,731.60 (Rupees One Hundred Nine Crore Ninety Nine Lakh Ninety Nine Thousand Seven Hundred Thirty One Paise Sixty only).

SBI Magnum Midcap Fund will be subscribing for 5,46,672 (Five Lakh Forty Six Thousand Six Hundred Seventy Two) Equity Shares each fully paid @ Rs.731.70 (Rupees Seven Hundred Thirty One and Paise Seventy only) per Equity Share, which is inclusive of a premium of Rs.730.70 (Rupees Seven Hundred Thirty and Paise Seventy only) per Equity Share, aggregating to Rs. 39,99,99,902.40 (Rupees Thirty Nine Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Two and Paise Forty only).

Shares of Tube Investments of India Ltd was last trading in BSE at Rs.843 as compared to the previous close of Rs. 842.2. The total number of shares traded during the day was 525519 in over 2419 trades.

The stock hit an intraday high of Rs. 868 and intraday low of 825.5. The net turnover during the day was Rs. 445850961.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Welspun Specialty Solutions Ltd receives remibursement of power subsidy of Rs. 9.09 crore

Indian Bank board to consider fund raising on Jan 22, 2021

ICICI Lombard General Insurance Company Limited reports Q3FY21 earnings

JSW Ispat Special Products Ltd Q3FY21 consolidated net profit at Rs. 29.93 crore

Tata Steel BSL Ltd Q3FY21 consolidated net profit at Rs. 913.19 crore

Larsen & Toubro Infotech Ltd Q3FY21 consolidated PAT at Rs. 518.7 crore

Skipper Ltd reports consolidated net profit of Rs. 11.45 crore in Q3FY21

TV18 Broadcast Ltd reports consolidated PAT of Rs. 213.65 crore in Q3FY21

First tranche of Rs. 26.10 crore received by Prince Pipes from Prince Marketing

Infosys Builds applied AI Cloud, part of Infosys Cobalt

Tata Consumer Products recognized for its sourcing practices at CII Food Future Foundation (FFF) for Sustainable Sourcing 2020

NMDC Receives Platinum Award in Metal & Mining for Shiksha Sahayog Yojana

Adani and TOTAL deepen their strategic alliance in Sustainable Energy

Tata Communications Ltd Q3FY21 consolidated net profit at Rs. 309.15 crore

Medicamen Biotech Ltd to upgrade Bhiwadi plant as per CGMP norms

DCM Shriram Ltd board declares interim dividend of Rs. 5.50

Hatsun Agro Product Ltd updates on status of CAPEX projects

Vardhman Special Steels Ltd Q3FY21 net profit soars to Rs. 21.66 crore

CEAT Ltd Q3FY21 consolidated net profit at Rs. 132.14 crores

TATA Metaliks Ltd Q3FY21 net profit at Rs. 75.18 crore

DCM Shriram Ltd posts jump in Q3FY21 consolidated PAT to Rs. 252.55 crore

Alembic Pharmaceuticals Ltd Q3FY21 consolidated PAT of Rs. 292.57 crore

Hatsun Agro Product Ltd posts net profit of Rs. 67.31 crore in Q3FY21

Wardwizard Innovations & Mobility Limited Q3 net profit at Rs. 0.74 crore

Mold-Tek Packaging Ltd Q3 consolidated PAT higher at Rs. 14.93 crore

Gateway Distriparks Ltd Q3FY21 consolidated net profit surges to Rs. 32.74 crore

Nibe Limited enters into MOU with BEL Optronic Devices Ltd

HT Media Ltd posts consolidated PAT of Rs. 3.26 crore in Q3

Bank of Maharashtra Q3 consolidated PAT at Rs. 154.48 crore

Adani signs concession agreement with AAI for three airports

Thomas Cook India opens franchise - Gold Circle Partner - outlet in Gandhinagar

Eurocor Tech GmbH launches innovative long-length sizes further optimizing its peripheral Drug coated balloon system Freeway™ 035

BHEL wins Institute of Chartered Accountants of India's National Award 2019-20 for Excellence in Financial Reporting

Steel Strips Wheels Ltd bags export order for over 37,000 wheels

Escorts Ltd becomes first company to get Budni Certification in India for Electric Tractor

Man Industries India Limited receives news orders of Rs. 250 crores

CSB Bank Q3FY21 PAT at Rs. 53.05 crore

Dhruv Consultancy Services Limited receives LOA for consultancy services

L&T Finance Holdings Limited board approves 17:74 rights issue at Rs. 65 per share

'VISION 2025' Unveiled: Trident Limited announces Strategic Steps for Future Growth

Indiabulls Real Estate Ltd Q3FY21 consolidated net profit at Rs. 80.58 crore

ALOK Industries Ltd Q3 consolidated loss at Rs. 35.12 crore

Hindustan Media Ventures Ltd Q3FY21 consolidated net profit at Rs. 35.19 crore

Max Superspeciality Hospital Patparganj inaugurates its first neurosciences OPD in Rudrapur.

Kamdhenu Group Launched its Premium Product 'Kamdhenu Nxt' in Delhi and Haryana

Newgen Launches OmniDocs ActiveScript to Rapidly Automate Document-centric Processes

Aditya Vision Limited opens two new showrooms

Maruti Suzuki India Ltd to increase price of select models from Jan 18, 2021

JMT Auto Ltd to sell assets

Sagarsoft India Ltd Q3FY21 net profit at Rs. 1.37 crore



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020