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Greaves Electric Mobility, India raises stake in MLR Auto to 67.41%
On June 19, Greaves Electric Mobility Limited (GEML), a subsidiary of Greaves Cotton, announced an additional investment of INR 550 million in its subsidiary MLR Auto Limited. The investment was part of a rights issue, and with other existing shareholders not participating, GEML’s stake in MLR increased from 51% to 6....
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