India's Greaves Cotton rises after EV unit files for IPO

Greaves Cotton

24/12/2024 04:10

** Greaves Cotton  GRVL.NS  rises 2% to 234 rupees; set to
snap a three-session losing streak
    ** Energy solutions provider's EV unit Greaves Electric
Mobility plans to raise 10 bln rupees ($117 mln) via IPO,
according to draft papers filed by it
    ** GRVL up ~50% YTD; on track for its biggest yearly gain in
four years

($1 = 85.1590 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))