Greaves Electric allots 35.80% stake to Abdul Latif Jameel for his $150-mn capital infusion
"The company has allotted 68,35,450 equity shares of face value Rs 10 each representing 35.80 per cent shareholding in the company on a fully diluted basis, to Abdul Latif Jameel, by way of preferential allotment through private placement basis for a share subscription consideration of Rs 1,171 crores (USD 150 million)," the company said in a late evening statement on Thursday.