Algavista Greentech Seeks Reclassification from Promoter Group to Public Shareholder
Tube Investments of India Limited has received a letter dated 18th December 2025 from M/s. Algavista Greentech Private Limited, a member of the promoter group. The outgoing promoter is seeking reclass...
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Why is Tube Investments of India Limited in the news today?
Tube Investments of India Limited (TIINDIA) is in the news due to the announcement is a routine regulatory filing regarding a request for reclassification of a promoter group entity. it does not inherently contain positive or negative financial or operational news for the company.
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Algavista Greentech Seeks Reclassification from Promoter Group to Public Shareholder
December 18, 2025, 11:15 AM
Tube Investments of India Limited has received a letter dated 18th December 2025 from M/s. Algavista Greentech Private Limited, a member of the promoter group. The outgoing promoter is seeking reclassification from the 'promoter group' category to 'public' category shareholders under Regulation 31A of the SEBI Listing Regulations.
As of the date of the request letter, specific shareholding details of Algavista Greentech Private Limited are provided. This re-classification is subject to the approval of the Board of Directors of Tube Investments of India Limited and requires a No-Objection Letter from both the National Stock Exchange of India Limited and BSE Limited.
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