M&A
RattanIndia to acquire 100% stake in electric motorcycles maker Revolt
Publicly-listed RattanIndia Enterprises Limited is acquiring 100% shareholding in the electric motorcycles maker Revolt Motors. The company had earlier acquired 33.84% shareholding in Revolt with an option to further increase the shareholding. Revolt Motors is the highest selling electric motorcycles in the country. Revolt currently has a manufacturing facility in the auto manufacturing hub of Manesar, Haryana. and 29 dealership stores spread across various cities in India.
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