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Abdul Latif Jameel to invest up to $220 million in Greaves Cotton's e-mobility arm

02 Jun 2022 Evaluate

Saudi Arabia-based family-owned, diversified global investor and operator Abdul Latif Jameel has committed to invest up to $220-million (Rs 1,700-crore) in Greaves Cotton's e-mobility arm -- Greaves Electric Mobility. As part of the deal, Jameel will initially pump in $150-million (Rs 1,160 crore) for a 35.8 per cent stake in the company, making it the second-largest shareholder in the firm.

Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.

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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