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EV Giant Greaves Cotton Reshapes Its Future with ₹948.5 Million Equity Conversion

Updated: June 05, 2025 16:55

Image Source: The Economic Times
Greaves Cotton Ltd, a leading player in electric mobility and power solutions, has announced that its subsidiary, Greaves Electric Mobility, has converted a loan of ₹948.5 million into equity in Bestway Agencies Pvt Ltd (BAPL). This strategic move is expected to strengthen Greaves Electric’s financial position and enhance its presence in India’s growing EV market.
 
Key Highlights of the Transaction
  • Loan-to-Equity Conversion – The ₹948.5 million loan extended to BAPL has now been converted into equity, reinforcing Greaves Electric’s stake in the company.
  • Boosting EV Expansion – The move aligns with Greaves Electric’s long-term strategy to expand its electric vehicle portfolio, particularly in the two-wheeler and three-wheeler segments.
  • Financial Stability & Growth – The conversion is expected to improve liquidity, allowing Greaves Electric to focus on scaling operations and enhancing product innovation.
  • Market Impact – Greaves Cotton’s stock has seen positive investor sentiment, reflecting confidence in the company’s EV expansion plans.
Outlook on Greaves Electric’s EV Strategy
With India’s EV market projected to grow exponentially, Greaves Electric’s strategic financial restructuring is expected to accelerate its market leadership and drive sustainable mobility solutions.
 
Sources: Greaves Cotton Investor Relations, Screener, Moneycontrol.

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