Greaves Cotton to buy Ratan Tata-backed Ampere Vehicles
Engineering company Greaves Cotton has announced that it will acquire a majority stake in Coimbatore-based electric two-wheeler maker Ampere Vehicles. Ampere's investors include Tata Sons' Chairman Emeritus Ratan Tata and Infosys Co-founder Kris Gopalakrishnan. Greaves will initially acquire 67% of Ampere for â¹77 crore and may buy another 13% stake for â¹75.5 crore in a span of 3 years.