Brief: Greaves Cotton Looks To Buy Stake In Ampere Vehicles For Up To 600 Mln Rupees
Nov 5 (Reuters) - Greaves Cotton Ltd GRVL.NS :
* GREAVES COTTON - BOARD GAVE IN-PRINCIPLE APPROVAL TO BUY
18.77%
IN SUBSIDIARY AMPERE VEHICLES THROUGH SECONDARY PURCHASE FOR UP
TO 600 MILLION RUPEES
* AMPERE WILL BECOME A WHOLLY OWNED SUBSIDIARY IF DEAL
CLOSES
Source text for Eikon: ID:nBSE1FDXr7
Further company coverage: GRVL.NS
((bangalore.newsroom@thomsonreuters.com;))
Recent news on Greaves Cotton
See all newsBrief: Greaves Cotton Buys Remaining 20% Shareholding In Excel Controlinkage
Brief: Greaves Cotton Says Greaves Electric Mobility Rights Issue Of 5.30 Billion Rupees Fully Subscribed
Brief: Greaves Cotton Says Ampere And Muthoot Capital Form Partnership To Accelerate EV Adoption In India
India's Greaves Cotton hits highest level in 17 months
Brief: Greaves Cotton Incorporates Subsidiary In Dubai To Strengthen International Growth