Elpro International Acquires Equity in Greaves Cotton Limited Amid Strategic Investment
Elpro International Ltd has acquired equity shares of Greaves Cotton Limited, marking an investment in the engineering sector. The acquisition was completed using cash consideration.The purchase involved the acquisition of 2,31,215 Equity Shares in Greaves Cotton Limited (GCL). The cost incurred for this transaction amounted to INR 5.00 Crores per share. Elpro International stated that there is no interest or relationship between the companies that would classify the acquisition as a related party transaction.
Greaves Cotton Limited is an established engineering firm, boasting a legacy of 165 years. It operates within the Compressors, Pumps & Diesel Engines industry. GCL was incorporated on March 29, 1922, and maintains operations in India. The company has evolved from its original focus on single-cylinder diesel engines into a fuel-agnostic, end-to-end mobility solutions provider, driven by the goal of enabling sustainable transitions to green mobility.
The investment by Elpro International is categorized as an "Investment Purpose," with no governmental or regulatory approvals required for the acquisition itself.
Greaves Cotton Limited Profile and Financials
Greaves Cotton Limited operates in the field of Compressors, Pumps & Diesel Engines. The company has a significant history spanning 165 years and positions itself as a multi-product, multi-fuel engineering entity dedicated to "Empowering Lives."The financial performance details for Greaves Cotton Limited show stability across the past three fiscal years. A summary of the consolidated turnover and revenue from operations is provided below:
| Metric | FY 2023-24 (Amount in Crores) | FY 2024-25 (Amount in Crores) | FY 2025-26 (Amount in Crores) |
|---|---|---|---|
| Revenue from Operations | 2,697.95 | 2,973.10 | 3,436.62 |
| Other Income | 64.76 | 54.66 | 49.99 |
| Consolidated Turnover | 2,697.95 | 2,973.10 | 3,486.61 |
ELPROINTL Stock Price Movement
Elpro International Limited shares today slipped by 0.27% to settle at ₹172.1, marking a modest decline in post-market trading. The stock traded within a tight intraday range, hitting a low of ₹171.05 and a high of ₹173.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.