Greaves Cotton has acquired around 15.04 lakh equity shares, by way of investment in subsidiary of the Company i.e. Ampere Vehicles, India through primary and secondary purchase for a total consideration of Rs 22.5 crore.
Consequent to the acquisition of aforesaid additional stake, the company’s holding in Ampere increased from 67.34% to 72.11%.
Greaves Cotton, a multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/petrol engines, farm equipment and Gensets.
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