Tube investment has announced an incremental investment of Rs 75 crore in its subsidiary 3xper Innoventure Limited through subscription of Compulsorily Convertible Preference Shares (CCPS). The company entered into a supplementary agreement on 23rd April 2026 with 3xper Innoventure Limited and Mr. N Govindarajan for this strategic investment.

Investment Structure and Details

The total fund raising initiative amounts to Rs 100 crore, with Tube Investments of India Limited contributing Rs 75 crore and Mr. N Govindarajan investing Rs 25 crore. The investment will be made through subscription of CCPS at face value of Rs 100 per share.

Current Shareholding Structure

3xper Innoventure Limited is a subsidiary of Tube Investments of India Limited. The company currently holds significant stakes in 3xper through both equity shares and preference shares.

Business Operations and Strategic Purpose

3xper Innoventure Limited operates in the pharmaceutical industry with a focus on Contract Development and Manufacturing Operations (CDMO). The proposed fund raising is strategically designed to scale up the operations of 3xper and its subsidiary, enhancing their capabilities in the pharmaceutical manufacturing sector.

The investment represents a related party transaction as 3xper is a subsidiary of Tube Investments of India Limited. However, the CCPS subscription will be made at face value, ensuring transparent pricing for the transaction.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the SEBI Master Circular dated 30th January 2026. The closing of the transaction is subject to satisfactory completion of conditions precedent as contained in the supplementary agreement executed between the parties.

The supplementary agreement retains the significant terms of investment for CCPS while other terms remain as per the original agreement between the parties. This structured approach ensures continuity in the business relationship while facilitating the additional capital infusion required for expansion.

Tube investment has completed a significant acquisition that strengthens its corporate portfolio. The Chennai-based company successfully acquired a controlling stake in Orange Koi Private Limited on April 6, 2026, marking a strategic expansion move.

Acquisition Details

The transaction involved the purchase of substantial equity holdings in Orange Koi Private Limited. TII's acquisition represents a majority control position in the target company.

Regulatory Compliance

The acquisition has been completed in full compliance with regulatory requirements. TII has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially announced its intention to acquire Orange Koi Private Limited in February 2026.

Corporate Structure Impact

Following the completion of this acquisition, Orange Koi Private Limited has officially become a subsidiary of Tube Investments of India Limited. This change in corporate structure is recognized under section 2(87) of the Companies Act, 2013, which defines the subsidiary relationship based on shareholding control.

Company Information

Tube Investments of India Limited operates from its headquarters at "Chola Crest" in Guindy, Chennai. The company maintains its listing status on both major Indian stock exchanges and continues to meet all regulatory disclosure requirements for listed entities.