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Electric vehicle startup Ampere sees valuation drop in second leg of M&A deal

By Narinder Kapur

  • 16 Jul 2019
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Electric vehicle startup Ampere sees valuation drop in second leg of M&A deal
Credit: Pexels

Electric two-wheeler maker Ampere Vehicles Pvt. Ltd has seen a decline in its valuation after engineering firm Greaves Cotton Ltd acquired additional stake in the Coimbatore-based startup. Mumbai-headquartered Greaves Cotton increased its holding in Ampere to 81.23% from 67.34% for a total of Rs 38.49 crore ($5.61 million at current exchange ......

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