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Last Updated : Apr 10, 2019 10:34 AM IST | Source: Moneycontrol.com

Greaves Cotton gains 5% on plans to roll out lithium-ion e-scooters

At 1025 hrs, Greaves Cotton was quoting Rs 153,45, up 4.96 percent on the BSE.

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Mutual funds (MFs) and foreign instiutional investors (FIIs) have common holdings in several stocks. Here are some stocks where both MFs and FIIs steadily increased their holdings in 2018.
Mutual funds (MFs) and foreign instiutional investors (FIIs) have common holdings in several stocks. Here are some stocks where both MFs and FIIs steadily increased their holdings in 2018.

Shares of Greaves Cotton gained 5 percent intraday on April 10 after the company is set to roll out lithium-ion e-scooters.

The Mumbai-based diesel engine manufacturer will provide the technology for Coimbatore-based startup Ampere Vehicles' battery-powered scooters that are ready to hit the market this month.

In August 2018, Greaves acquired a 67 percent stake in Ampere for Rs 77 crore, making a foray into the electric vehicle space.

At 1025 hrs, Greaves Cotton was quoting Rs 153,45, up 4.96 percent on the BSE.
First Published on Apr 10, 2019 10:33 am
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