Business Update26 Jun 2024, 12:15 am
Tube Investments of India Subsidiary Completes Series A2 Funding
AI Summary
Tube Investments of India Ltd. has announced that its subsidiary, TI Clean Mobility Private Limited, has allotted 1,60,00,000 Series A2 Compulsorily Convertible Preference Shares to South Asia Growth Invest III LLC. This development comes after the initial announcement made on 11th June 2024.
Key Highlights
- Tube Investments of India's subsidiary, TI Clean Mobility Private Limited, has completed a fundraising round.
- 1,60,00,000 Series A2 Compulsorily Convertible Preference Shares have been allotted to South Asia Growth Invest III LLC.
- This announcement follows an earlier communication made on 11th June 2024.
- The fundraising is a significant step for TI Clean Mobility Private Limited's growth and development.
- The transaction is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.