Greaves Cotton has revealed its intention to conduct an IPO for its subsidiary, Greaves Electric Mobility (GEML). The board of directors for GEML approved the IPO proposal on December 1, marking a significant milestone for the mobility solutions provider.

The IPO will consist of a fresh issuance of equity shares and an offer-for-sale by existing eligible shareholders. However, the success of this move depends on shareholder approval, market conditions, and regulatory clearances.

Greaves Cotton's decision to pursue an IPO reflects its commitment to expanding its presence in the electric mobility sector, which aligns with the growing demand for sustainable transportation. More information about the IPO will be shared in due course.