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Home / BUSINESS / EQUITIES / Greaves Cotton acquires stake worth Rs 22.5 crore in Ampere Vehicles

Greaves Cotton acquires stake worth Rs 22.5 crore in Ampere Vehicles

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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