Tube Investments Sets Record Date for Demerger: Tube Investments of India (Tube Invest) has set August 28, 2017 as the record date, to give effect to scheme of arrangement approved by National Company Law Tribunal (NCLT). As per the scheme, all manufacturing entities and investments inmanufacturing subsidiaries & joint ventures shall be organised under Tube Investments of India Ltd (TIIL) and all financial services businesses and investments related to financial services shall be organised as TI Financial Holdings Ltd (TIFHL).