{"id":588934,"date":"2023-07-04T11:36:19","date_gmt":"2023-07-04T06:06:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=588934"},"modified":"2023-07-04T13:24:58","modified_gmt":"2023-07-04T07:54:58","slug":"tube-investments-subsidiary-ticmpl-picks-up-50-stake-in-jayem-auto","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tube-investments-subsidiary-ticmpl-picks-up-50-stake-in-jayem-auto\/","title":{"rendered":"Tube Investments subsidiary TICMPL picks up 50% stake in Jayem Auto"},"content":{"rendered":"<p>CHENNAI: TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII), has entered into definitive agreements to acquire 50% stake in Coimbatore-based Jayem Auto through a combination of primary subscription and secondary purchase of shares, for a total sum of up to Rs 206 crore. <\/p>\n<p>TICMPL has also announced its entry into the electric small commercial vehicle (eSCV) segment by floating a new subsidiary company in which Jayem Auto MD J Anand will hold a stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII), has entered into definitive agreements to acquire 50% stake in Coimbatore-based Jayem Auto through a combination of primary subscription and secondary purchase of shares, for a total sum of up to Rs 206 crore. TICMPL has also announced its entry into the electric small commercial vehicle (eSCV) segment by floating a new subsidiary company in which Jayem Auto MD J Anand will hold a stake.<\/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":[130,246,137],"tags":[],"class_list":["post-588934","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/588934","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=588934"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/588934\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=588934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=588934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=588934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}