India's Olectra Greentech gains on stake buy in EVEY Trans

Olectra Greentech

03/04/2023 08:01

** Shares of Olectra Greentech  OLEC.NS  rise as much as
5.13% to 651 rupees, mark their biggest intraday gain in nearly
two weeks  
    ** Stock gains after the electric bus manufacturer buys
2,600 shares (26% stake) in EVEY Trans Pvt, a special purpose
vehicle (SPV)
    ** The SPV will be used to execute the order of 550 electric
buses from TSRTC
    ** About 1.1 mln shares change hands, nearly half the 30-day
avg of 2.86 mln shares - Refinitiv data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))