Olectra Greentech has acquired 3,400 equity shares (34% stake) of Rs 10 each in Evey Trans (UJJ) which is registered with the Registrar of Companies, Hyderabad. Evey Trans will be into the business of owning, operating and/or leasing of electric vehicles (specifically for one of the contracts awarded to the Consortium (where the Company and Evey were members) as Special Purpose Vehicle in terms of the tender conditions).
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
