TUBEINVEST

TUBEINVEST: Members of the Exchange are hereby informed that the trading in Equity Shares of Tube Investments of India Limited shall be suspended w.e.f. August 24, 2017 (i.e. closing hours of trading on August 23, 2017) on account of Reduction of Share Capital (as integral part of Scheme of Arrangement of Demerger).

The Exchange had sought clarification from Tube Investments of India Limited with respect to a news item captioned "Tube Investments sets up a new plant in Tamil Nadu . The Company has clarified that "The Company is in the process of establishing a precision steel tube manufacturing plant at Thiruthani, near Chennai to address the needs of the infrastructure market such as hydraulic cylinders, propeller shafts and other large diameter tube applications. The Company has invested about Rs. 250 crores in the plant, which will have an installed capacity of 11,000 tonnes per month. The plant is bei

The Exchange has sought clarification from Tube Investments of India Limited with respect to recent news item captioned "Tube Investments sets up a new plant in Tamil Nadu". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of