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Greaves Cotton acquires stake worth Rs 22.5 crore in Ampere Vehicles

11 Jul 2019 Evaluate

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.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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