Tube Investments of India Limited (TII) announced a significant capital infusion within its structure on March 30, 2026. Its subsidiary, TI Clean Mobility Private Limited, allotted 2,50,00,000 Series C Compulsorily Convertible Preference Shares directly to TII. This transaction reflects an incremental investment strengthening the subsidiary’s financial base as it continues its operational expansion in the clean mobility sector.
Capital Infusion in Clean Mobility Arm
Tube Investments of India Limited (TII) has confirmed a key internal restructuring event involving its subsidiary, TI Clean Mobility Private Limited. On March 30, 2026, the subsidiary completed the allotment of a substantial number of new preference shares.
Share Allotment Details
The allotment consisted of 2,50,00,000 (Two Crore Fifty Lakh) Series C Compulsorily Convertible Preference Shares. These shares were issued directly to the parent company, TII. This action formalizes an incremental investment made by TII into TI Clean Mobility Private Limited, likely to support its ongoing strategic development and growth initiatives within the electric vehicle and clean technology space.
The filing confirms that this update is provided in compliance with disclosure requirements related to investments made in subsidiaries.
Source: BSE
