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Greaves Cotton to acquire 18.77% stake in Ampere Vehicles

06 Nov 2019 Evaluate

Greaves Cotton has received Board of Directors’ in-principle approval with respect to the acquisition of 18.77% stake in one its subsidiary companies i.e. Ampere Vehicles, India (Ampere) through secondary purchase for a total consideration not exceeding Rs 60 crore, subject to execution of the definitive agreements and customary closing conditions.

Pursuant to the completion of the aforesaid acquisition, Ampere will become a wholly owned subsidiary of the Company.

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.

Greaves Cotton Share Price

161.40 3.15 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
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