{"id":538589,"date":"2022-11-26T10:01:15","date_gmt":"2022-11-26T04:31:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538589"},"modified":"2022-11-26T11:02:19","modified_gmt":"2022-11-26T05:32:19","slug":"castrol-india-to-acquire-7-09-stake-in-tvs-automobile-solutions-arm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/castrol-india-to-acquire-7-09-stake-in-tvs-automobile-solutions-arm\/","title":{"rendered":"Castrol India to acquire 7.09% stake in TVS Automobile Solutions&#8217; arm"},"content":{"rendered":"<p>Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions&#8217; digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal.<\/p>\n<p>With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS&#8217; digital and operational capabilities, a release said.<\/p>\n<p>Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions&#8217; digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS&#8217; digital and operational capabilities, a release said. Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-538589","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=538589"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538589\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}