Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon

50%

Humidity

wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Tube Investments India subsidiary picks up balance 30.04% in Cellestial for Rs 50.90 crore

Tube Investments India subsidiary picks up balance 30.04% in Cellestial for Rs 50.90 crore

    Tube Investments India subsidiary picks up balance 30.04% in Cellestial for Rs 50.90 crore

30 Jan, 2023

CHENNAI: TI Clean Mobility (TICM), a wholly owned subsidiary of Murugappa group company Tube Investments of India (TII), has executed a share purchase agreement with the founders of Cellestial E-Mobility to acquire the balance 30.04% stake in Cellestial for Rs 50.90 crore.

Cellestial is a startup company engaged in design and development of electric tractors. TICM currently holds 69.96% of Cellestial. The deal is in line with TICM’s growth plans in the electric vehicle industry.

Arun Murugappan, chairman, TICM, said, “The acquisition of the remaining stake in Cellestial will help TICM consolidate its holding in the electric tractors business and maximize value to the company.”

Siddhartha Durairajan and Syed Mubasheer Ali, the co-founders of Cellestial, said, “Cellestial is well-positioned to achieve its full potential and the acquisition of balance shareholding in the company by TICM will accelerate the same.”

TICM had acquired nearly 70% of Bengaluru-based Cellestial a year ago for around Rs 161 crore.

About TractorGyan

Tractor Gyan is an expert-led platform that aims to empower Indian farmers by providing accurate and timely information, and technological advancement about tractors and farm equipment in India.

TractorGyan helps farmers with New Tractor information, Compare Tractors, Tractor prices, Buying and selling of second-hand tractors, Tractor Insurance, Tractor Finance, Tractor tyre, Tractor Implements, Tractor EMI calculator and more. 

On our Platform, we have information about leading brands :

- In tractors like Captain, Preet, Farmtrac, Vst shakti

- In Tyres like BKT, Ceat, Apollo etc.

- In Tractor Finance like Mahindra Finance, TVS Finance, Etc. 

- In Tractor Implements like Shaktiman, Fieldking, Landforce, KS agrotech, etc.

- In Tractor Insurance like Mahindra Finance, Axis Bank, ICICI Bank,  etc.

TractorGyan is Helping India mechanise by delivering crucial information about tractor buying and guiding farmers at every step so that they get a tractor or farm equipment that empowers and equips them to produce quality yield.

FOLLOW US ON:- FacebookInstagramLinkedin

https://images.tractorgyan.com/uploads/27902/63c903ed23754_Mahindra-475-DI-XP-Plus-VS-Massey-Ferguson-241-DI-MAHA-SHAKTI.jpg Mahindra 475 DI XP Plus VS Massey Ferguson 241 DI MAHA SHAKTI : Features & Price Comparison
Mahindra 475 DI XP Plus vs Massey Ferguson 241 DI MAHA SHAKTI Comparison in India on the basis of full features, specifications, finance, warranty, in...
https://images.tractorgyan.com/uploads/27953/63d11d2d44668_Sonalika-DI-750III-Sikander-VS-Farmtrac-60-Powermaxx-T20-.jpg Sonalika DI 750III Sikander VS Farmtrac 60 Powermaxx T20 : Features & Price Comparison
 Sonalika DI 750 III Sikander and Farmtrac 60 Powermaxx T20 are the amongst best tractors in India that provide unique specifications and features for...
https://images.tractorgyan.com/uploads/27970/63d398f4a89c1_subsidy-on-electricity-bill-for-farmers.jpg किसान मित्र ऊर्जा योजना: बिजली बिल पर किसानों को मिलेगी 12000 रूपये की सब्सिडी
कृषि कार्यों में किसानों के द्वारा बिजली का भी अच्छा उपयोग किया जाता हैं। कटाई से लेकर खेती के सारे कामों में किसान बिजली का उपयोग करते है जैसे: ट्यूब...

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/113947/669e21d8d3a2e-union-budget-2024-live-update-for-farmers.jpg

Live Update: Nirmala Sitharaman presents Modi Government 3.0 Union Budget 2024-25

Finance Minister, Nirmala Sitaraman presented the Union Budget for the fiscal year 2024-25 in the Lo...

https://images.tractorgyan.com/uploads/113949/669e3a2fdd346-union-budget-2024-live-update.jpg

Live Update: मोदी सरकार 3.0 का वित्तमंत्री निर्मला सीतारमण पेश करने जा रही है, केंद्रीय बजट 2024–25

वित्त वर्ष 2024-25 के लिए केंद्रीय बजट वित्त मंत्री निर्मला सीतारमण द्वारा आज लोकसभा में पेश किया गय...

https://images.tractorgyan.com/uploads/113948/669e38e519a28-cnh-india-reaches-7-lakh-tractor-production-in-noida.jpg

CNH India reaches 7 Lakh Tractor production mark in Greater Noida Plant

Greater Noida, July 22, 2024: CNH – a global leader in agriculture with its New Holland and Ca...

Select Language

tractorgyan offeringsTractorGyan Offerings