August 30, 2018 / 5:30 AM / 5 months ago

BUZZ-India's Greaves Cotton hits over 1-year high; to buy stake in Ampere

** Shares of Greaves Cotton Ltd shoot up as much as 11.9 pct to 164.70 rupees, their highest in over a year

** Greaves to buy here 67 pct stake in Ratan Tata-backed electric vehicle maker Ampere Vehicles for 770 mln rupees ($10.90 million) in cash

** Co can acquire another 13 pct in Ampere Vehicles for 755 mln rupees - Greaves

** Stock posts biggest intraday pct gain since Nov 2015

** More than 5.2 mln shares change hands, compared with their 30-day moving avg of 584,462 shares

** Up to last close, stock up 7.3 pct this year

$1 = 70.6700 Indian rupees

0 : 0
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