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Olectra Greentech acquires 26% stake in Evey Trans

11 Feb 2022 Evaluate

Olectra Greentech has acquired 2,600 equity shares (26% stake) of Rs 10 each in ‘Evey Trans (BLR)’. 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.

Peers
Company Name CMP
Tata Motors 430.25
Ashok Leyland 154.00
Force Motors 16955.00
Olectra Greentech 1137.00
SML Mahindra 6620.30
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