TII invests ₹75 Cr in subsidiary 3xper Innoventure; total ₹100 Cr fundraise

Tube Investments of India Limited (TII) has entered into a Supplementary Agreement on April 23, 2026, to make an incremental investment of ₹75 crore in its subsidiary, 3xper Innoventure Limited. Concurrently, Mr. N Govindarajan will invest ₹25 crore, bringing the total fundraise for 3xper to ₹100 crore. This investment is for the subscription of Compulsorily Convertible Preference Shares (CCPS) at a face value of ₹100 per CCPS. 3xper Innoventure operates in the Contract Development and Manufacturing Operations (CDMO) sector of the pharmaceutical industry. The capital infusion is intended to scale up the operations of 3xper and its subsidiary. The transaction is subject to the satisfactory completion of certain Conditions Precedent.