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| Exchange Disseminated Time | Tube Investments of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2016, inter alia, has approved the following:
- The Board accorded its ‘in principle’ approval for the buy-back of Listed Secured Redeemable Non-Convertible Debentures of a sum not exceeding in the aggregate Rs.650 Crores, issued by the Company on private placement basis and remaining outstanding, in one or more tranches, to reduce the long-term debt. The Board further authorised a Committee of Directors to finalise/decide on various matters connected with the implementation. |
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