News > Greaves Cotton's subsidiary approves IPO plan, share price rises

Greaves Cotton's subsidiary approves IPO plan, share price rises

NDTV Profit | 02/12/2024 12:37 PM | Click to read full article

The decision was made during a board meeting held on DecĀ 1 subject to approval from Greaves Electric Mobility Ltd. (GEML) shareholders. The IPO will consist of a fresh issue of equity shares, along with an offer for sale by certain existing shareholders. While the size of the IPO, the price range, and other key details are yet to be finalised, these will be disclosed once determined in consultation with the book running lead managers.

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