Tube Investments India subsidiary picks up balance 30.04% in Cellestial for Rs 50.90 crore
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.
Category
Read More Blogs
Mahindra 475 DI XP PLUS and Massey Ferguson 241 DI MAHA SHAKTI are the two most popular tractors of 2024. The Price of Mahindra 475 DI XP Plus and Massey Ferguson 241 DI MAHA SHAKTI is between Rs. 6.70 - 7.40 Lakh*...
Sonalika DI 750 III Sikander is a 55HP and a 2 WD tractor available for a price of Rs. 7.45 - 7.0 lakhs* in India 2024. Whereas, Farmtrac 60 Powermaxx T20 is a 55 HP and a 4WD tractor available for 7.50...
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: ट्यूबवेल में और आधुनिक सिंचाई प्रणालियों में। कृषि कार्य में ऐसे यंत्र और...
Write Your Comment About Tube Investments India subsidiary picks up balance 30.04% in Cellestial for Rs 50.90 crore
.webp&w=256&q=75)
Top searching blogs about Tractors and Agriculture
24 Jun 2025
06 Jan 2025
03 Jan 2025
27 Nov 2024
22 Jan 2025
21 Nov 2024
24 Jun 2025
27 Jun 2025
25 Jun 2025
16 Dec 2024
31 Dec 2024
27 Jun 2025
27 Jun 2025
24 Jun 2025