Greaves Electric Mobility Converts INR948.5 Million Loan Into Equity in Bestway Agencies

MT Newswires Live

2025/06/06

Greaves Electric Mobility Limited (GEML), a unit of Greaves Cotton (BOM:501455, NSE:GREAVESCOT), converted a loan of 948.5 million Indian rupees into equity shares of its wholly owned subsidiary Bestway Agencies Private Limited, according to a Thursday filing on the local bourse.

The transaction strengthens Bestway Agencies Private Limited's balance sheet by reducing debt and enhancing net worth.

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