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Gulf Oil Lubricants to Acquire Majority Stake in EV Charging Firm Tirex Transmission

The acquisition is valued at approximately ₹1.03 billion

August 28, 2023

/ Gautamee Hazarika
/ Electric Vehicles, Market & Policy
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Gulf Oil Lubricants India (GOLIL), an India-based lubricant manufacturing firm, is set to acquire a 51% stake in the electric vehicle (EV) charging solutions provider Tirex Transmission in a deal valued at approximately ₹1.03 billion (~$12.4 million).

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Gautamee Hazarika

More articles from Gautamee Hazarika.
electric vehicleEVsFast ChargersGOLILGulf OilrenewablesTirex
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