Greaves Cotton’s subsidiary -- Greaves Electric Mobility (GEMPL) has completed the acquisition of an additional 25% shareholding in MLR Auto (MLR) through primary subscription. GEMPL now holds 51% of the shareholding (on a fully diluted basis) in MLR. With this, MLR has become a subsidiary of GEMPL with effective from May 16, 2023.
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.