Greaves Cotton Ltd ('Company') has acquired 15,04,523 (Fifteen Lakhs Four Thousand Five Hundred and Twenty Three) Equity Shares, by way of investment in subsidiary of the Company i.e. Ampere Vehicles Private Limited, India ('Ampere') through primary and secondary purchase for a total consideration of INR 22.5 crores. Consequent to the acquisition of aforesaid additional stake, the Company's holding in Ampere increased from 67.34% to 72.11%.
Shares of GREAVES COTTON LTD. was last trading in BSE at Rs.138 as compared to the previous close of Rs. 137.9. The total number of shares traded during the day was 17721 in over 346 trades.
The stock hit an intraday high of Rs. 138.6 and intraday low of 136.3. The net turnover during the day was Rs. 2431484.