Amara Raja invests 20mn Euro to increase stake in European battery tech company InoBat

New Delhi [India], June 21 (ANI): Battery manufacturer Amara Raja Energy and Mobility, the parent company of Amaron has acquired Rs 170 crore (20 million euros) stake in Norwegian battery manufacturing company InoBat AS, the company informed the exchange in a filing.

Amara Raja Energy and Mobility informed that it is acquiring around 4.5 per cent stake in InoBat AS and after acquisition, the stake of the company will incr