India's Greaves Cotton soars to record high after EV unit files for IPO

Greaves Cotton

24/12/2024 08:33

(Updates)
    ** Greaves Cotton  GRVL.NS  jumps 14% to record high of
261.51 rupees
    ** Stock 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 63% YTD; on track for its biggest yearly gain
since 2014

($1 = 85.1590 Indian rupees)

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