Tube Investments invests ₹250 crore in TI Clean Mobility via Series C shares
- Tube Investments invested ₹250 crore in subsidiary TI Clean Mobility
- Allotted 2.5 crore Series C Compulsorly Convertible Preference Shares
- Investment priced at ₹100 per share face value
- Amended and Restated Shareholders' Agreement signed with investors
*this image is generated using AI for illustrative purposes only.
Tube Investments of India has entered into a subscription agreement for ₹250 crore in TI Clean Mobility Private Limited (TICMPL), with the company being allotted 2.5 crore Series C Compulsorily Convertible Preference Shares (CCPs).
Investment details
The subscription agreement marks a significant capital commitment by Tube Investments toward its electric mobility vertical. The allotment of 2.5 crore Series C CCPs under this agreement forms the basis of the ₹250 crore investment in TICMPL. The transaction was executed on September 29, 2026.
| Parameter | Details |
|---|---|
| Investment amount | ₹250 crore |
| Instrument | Series C Compulsorily Convertible Preference Shares |
| Number of CCPs allotted | 2.5 crore |
| Issue price | ₹100 per CCPS |
| Investee entity | TI Clean Mobility Private Limited (TICMPL) |
Shareholding and related party status
TICMPL is a subsidiary of Tube Investments of India. Following the allotment, TII holds 25 crore equity shares of face value ₹10 each, 5 crore Series B CCPS of face value ₹100 each, and 2.5 crore Series C CCPS of value ₹100 each in TICMPL. The proposed investment by TII in Series C CCPS was made at face value of ₹100 per CCPS.
Governance and shareholder agreements
Alongside the subscription agreement, TII and TICMPL entered into an Amended and Restated Shareholders' Agreement with the investors of TICMPL. Significant terms of this agreement include Board Composition, Investors Affirmative Vote Matters, Information Rights, Pre-Emption Right, Right of First Offer, Tag Along Right, Conversion Terms, Non-Compete & Non-Solicitation, and Fall Away provisions. The closing of the transaction was subject to satisfactory completion of the Conditions Precedents contained in the executed agreements.
Historical Stock Returns for Tube Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.87% | -6.76% | -15.04% | -5.97% | -22.89% | +76.56% |
How will the ₹250 crore capital injection specifically accelerate TICMPL's product roadmap and manufacturing capacity expansion?
What are the potential dilution effects on existing minority shareholders in TICMPL upon the eventual conversion of Series C CCPs into equity?
How does this investment position Tube Investments to compete against established EV players like Tata Motors and Ola Electric in the two-wheeler segment?
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