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India

GEML, India, raises INR 5.3 billion to strengthen electric two-wheeler and three-wheeler portfolio

On August 3, Greaves Electric Mobility Limited (GEML) announced an additional equity infusion of INR 5.3 billion through a Rights Issue. The investment is fully subscribed by the existing shareholders in proportion to their existing shareholding, including Greaves Cotton Limited (GCL) and Abdul Latif Jameel Green Mob....

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