Brief: Greaves Cotton's To Acquire Shares Of Bestway Agencies Pvt Ltd
06/07/2020 12:21
July 6 (Reuters) - Greaves Cotton Ltd GRVL.NS :
* UNIT SIGNS AGREEMENTS TO ACQUIRE SHARES OF BESTWAY
AGENCIES PVT
LTD
* FIRST PHASE OF ACQUISITION FOR 70 MILLION RUPEES IN CASH
* CONSIDERATION ACQUISITION'S SECOND PHASE TO BE DETERMINED
* GREAVES COTTON - TO BUY 74% STAKE IN FIRST PHASE, REST IN
SECOND
PHASE EXPECTED TO BE IN APRIL 2021
Source text for Eikon: ID:nBSE45k367
Further company coverage: GRVL.NS
((Reuters.Briefs@thomsonreuters.com;))
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