Greaves Cotton Issues INR400 Million Corporate Guarantee for Electric Mobility Arm

MT Newswires Live

05/13

Greaves Cotton (BOM:501455, NSE:GREAVESCOT) issued a 400-million-Indian-rupee corporate guarantee to Tata Capital on behalf of its material subsidiary, Greaves Electric Mobility, according to a Monday filing on the local bourse.

The guarantee backs a term loan facility with a two-year tenure and has been issued on an arm's length basis.

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