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Tube Investments of India on Monday invested ₹7.5 crore towards subscription to the equity share capital of TI Absolute following the joint venture agreement it had earlier entered with the latter. As per the deal, the company has been allotted 75 lakh equity shares of the face value of ₹10 each at par, by TI Absolute. Tube Investments now holds 50 per cent of the equity share capital of TI Absolute, with the balance 50 per cent being held by the company's JV partner - Absolute Speciality Foods. Shares of Tube Investments edged down 0.62 per cent at ₹585.05 on the NSE.
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