TI Clean Mobility: The company said that it has signed definitive documents on May 6, 2024 in the form of Equity and Compulsorily Convertible Preference Shares (CCPS) for which Kotak Investment Banking acted as its exclusive financial advisor.
Tamil Nadu EV Sales 2023: Citing data shared by the Ministry of Road Transport and Highways, as many as 10,44,600 electric vehicles were registered country-wide of which 4,14,802 vehicles were sold in Tamil Nadu till September.
Cyril Amarchand Mangaldas advised TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube Investments of India Limited (TII) on INR 1025 crores fundraising from Multiples Private Equity Fund III (Multiples) and State Bank of India (SBI) and TII.