Greaves Cotton Merger & Restructuring
Greaves Cotton Limited has completed the acquisition of the remaining 20% stake in Excel Controlinkage Private Limited. Excel Controlinkage is now a wholly owned subsidiary.
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Greaves Cotton Limited has completed the acquisition of the remaining 20% stake in Excel Controlinkage Private Limited. Excel Controlinkage is now a wholly owned subsidiary.
Greaves Cotton acquired the remaining 20% stake in Excel Controlinkage for a total 100% shareholding. Excel is now a wholly owned subsidiary following this final tranche completion.
Greaves Cotton subscribed to its full entitlement of Rs. 331.12 Crore in the rights issue of its material subsidiary, Greaves Electric Mobility Limited.
Greaves Cotton approved a ₹331.12 crore investment in its subsidiary, Greaves Electric Mobility, via rights issue. This capital infusion supports its electric mobility business growth.
Greaves Cotton approved a ₹50 Crore equity investment in its subsidiary, Greaves Finance Limited. The capital supports retail e-vehicle financing and general corporate expansion.