Corporate Announcement
Security Code : 501455    Company : GREAVESCOT    
 
Announcement under Regulation 30 (LODR)-Updates on AcquisitionDownload PDF Download XBRL
  Exchange Received Time  15/07/2019 16:13:34         Exchange Disseminated Time   15/07/2019 16:13:39              Time Taken   00:00:05
This is in furtherance to our letters dated August 29, 2018, October 23, 2018 and July 10, 2019 (copy attached) and pursuant to definitive agreement dated August 29, 2018, we hereby notify that Greaves Cotton Limited ('Company') has acquired 10,69,006 (Ten Lakhs Sixty Nine Thousand and Six Only) Equity Shares, by way of investment in subsidiary of the Company i.e. Ampere Vehicles Private Limited, India ('Ampere') through secondary purchase for a total consideration of INR 15.99 Crores (approx). Consequent to the acquisition of aforesaid additional stake, the Company's holding in Ampere increased from 72.11% to 81.23%. The related Press Release is enclosed.

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