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Greaves Cotton acquires balance stake in Ampere Vehicles

06 Dec 2019 Evaluate

Greaves Cotton has acquired balance 5,000 equity shares from Hemalatha Annamalai in Ampere Vehicles, through secondary purchase. Pursuant to the completion of the acquisition of aforesaid shares, Ampere Vehicles became the wholly owned subsidiary of the Company with effect from December 5, 2019.

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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