Tube Investments of India Group to acquire 652Percentage stake in IPLTech Electric

20 Jul 2022 , 01:31 AM

TI Clean Mobility TICMPL a wholly owned subsidiary of Tube Investments of India TII has today 18th July 2022 entered into definitive agreements for acquisition of 652Percentage in the equity share capital of IPLTech Electric IPLT through a combination of purchase of equity shares from the founders and other exiting shareholders of IPLT and by way of subscription to fresh equity shares for an aggregate consideration of up to Rs246 crore IPLT is a startup engaged in manufacturing and sale of electric heavy commercial vehicles