Murugappa Group flagship Tube Investments of India (TII) will infuse ₹250 crore into its EV arm TI Clean Mobility Private Limited (TICMPL). Under a Subscription Agreement, TII has been allotted 2.5 crore Series C Compulsorily Convertible Preference Shares (CCPS) at face value of ₹100 per share on an arm's length basis.
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