Tube Investments of India Limited (TII) has announced an incremental investment of approximately ₹250 crore in its subsidiary, TI Clean Mobility Private Limited (TICMPL), through the subscription of Compulsorily Convertible Preference Shares (CCPS), as per a regulatory filing.
The investment follows the execution of a Subscription Agreement between TII and TICMPL on March 30, 2026. Simultaneously, both entities have entered into an Amended and Restated Shareholders’ Agreement with existing investors of TICMPL. The move is aimed at strengthening the capital base of the electric mobility arm and accelerating its growth trajectory.
TICMPL, which operates in the electric mobility segment, is expected to utilize the fresh capital infusion to scale up its operations and expand its business footprint, including that of its subsidiaries.
Under the terms of the agreement, TII will subscribe to 2.5 crore CCPS at a face value of ₹100 per share, aggregating to ₹250 crore. The investment will be made at arm’s length and is subject to the completion of customary conditions precedent outlined in the agreements.
TICMPL remains a subsidiary of TII, with the parent company currently holding 25 crore equity shares of ₹10 each and 5 crore Series B CCPS of ₹100 each. The revised shareholders’ agreement includes key provisions such as board composition, investor affirmative rights, information access, pre-emption rights, right of first offer, tag-along rights, and non-compete clauses.
The transaction has been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI Master Circular dated January 30, 2026.
The development underscores TII’s continued commitment to strengthening its presence in India’s rapidly evolving electric mobility ecosystem.
