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Tata Motors sells majority stake in Norwegian cleantech engineering firm to Electrovaya

BY  Bhawna Gupta
Co-founded by an entrepreneur of Indian origin, Electrovaya designs, develops and manufactures proprietary batteries.

Canadian stock exchange-listed Electrovaya Inc. has acquired 71.6 per cent stake in Norwegian cleantech engineering firm Miljobil Grenland A.S. (MBG), raising its holding to 78.1 per cent. The stake was purchased from Tata Motors...

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