MoneyWorks4Me

Greaves Cotton’s arm acquires additional 25% stake in MLR Auto

18 May 2023 Evaluate

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.


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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