{"id":459324,"date":"2021-12-30T10:29:55","date_gmt":"2021-12-30T04:59:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459324"},"modified":"2021-12-30T11:29:35","modified_gmt":"2021-12-30T05:59:35","slug":"amara-raja-to-invest-in-europe-based-inobat-auto","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/amara-raja-to-invest-in-europe-based-inobat-auto\/","title":{"rendered":"Amara Raja to invest in Europe-based InoBat Auto"},"content":{"rendered":"<p>Amara Raja Batteries NSE -0.54 % on Wednesday said it plans to invest in InoBat Auto, a European technology developer and manufacturer of batteries for e-mobility.<\/p>\n<p>In a regulatory filing on December 28, Amara Raja had noted that the initiative would entail a total investment of 10 million Euros, which includes subscription of 0.04 per cent stake and convertible loan in InoBat Auto AS, Norway.<\/p>\n<p>The initial investment will give the company a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region&#8217;s determined EV push, a company statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amara Raja Batteries NSE -0.54 % on Wednesday said it plans to invest in InoBat Auto, a European technology developer and manufacturer of batteries for e-mobility. In a regulatory filing on December 28, Amara Raja had noted that the initiative would entail a total investment of 10 million Euros, which includes subscription of 0.04 per cent stake and convertible loan in InoBat Auto AS, Norway. The initial investment will give the company a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region&#8217;s determined EV push, a company statement said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-459324","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=459324"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459324\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}