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India

Greaves Cotton Limited, India acquires majority stakes in Excel Controlinkage, MLR

On May 17, Greaves Electric Mobility Private Limited (“GEMPL”), a subsidiary of Greaves Cotton Limited completed the acquisition of an additional 25% shareholding in MLR Auto Limited (MLR) through primary subscription. GEMPL now holds 51% of the shareholding in MLR. With this MLR has become a subsidiary of GEMPL w.e.....

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