<ul><li>Greaves Cotton subsidiary, Greaves Electricity Mobility Ltd., has filed preliminary documents for an IPO to raise up to Rs 1,000 crore.</li><li>The IPO will consist of a sale of up to 18.9 crore shares and a fresh issuance of shares worth Rs 100 crore.</li><li>Greaves Cotton will serve as the sole promoter offloading shares, while Abdul Latif Jameel Green Mobility Solutions will sell its stake.</li><li>Shares of Greaves Cotton surged by over 12% following the IPO announcement.</li></ul>

Greaves Cotton Shares Surge As Electric Mobility Arm Files Draft Papers For Maiden Offer

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