Elpro International Acquires Equity in Greaves Cotton Limited Amidst Industry Focus on Green Mobility
Elpro International Ltd has acquired equity shares of Greaves Cotton Limited (GCL), solidifying its investment interest in the engineering and mobility sector. The acquisition was completed via a cash consideration transaction.The cost of acquiring the shares was reported at INR 7.85 Crores. This purchase increased Elro’s stake, with the fresh acquisition comprising 3,47,585 Equity Shares. Prior to this acquisition, the company held 4,61,575 Equity Shares, resulting in a total holding of 8,09,160 Equity Shares.
The target entity, Greaves Cotton Limited, operates within the Compressors, Pumps & Diesel Engines industry. The acquisition has been stated as an investment purpose.
Profile and Financials of Greaves Cotton Limited
Greaves Cotton Limited (GCL) is a diversified, multi-product, multi-fuel engineering company boasting a legacy of 165 years. Originally recognized for single cylinder diesel engines, the company has evolved into a fuel-agnostic, end-to-end mobility solutions provider. GCL aims to enable a sustainable transition toward green mobility and plans to build a digitally integrated ecosystem connecting consumers and service providers across the mobility value chain, with a goal of touching a billion lives by 2030.The company's line of business includes Compressors, Pumps & Diesel Engines, and it is based in India.
Financial performance data for Greaves Cotton Limited across recent fiscal years is detailed below:
| Metric | FY 2025-26 (Crores) | FY 2024-25 (Crores) | FY 2023-24 (Crores) |
|---|---|---|---|
| Revenue from Operations | 3,436.62 | 2,918.44 | 2,633.19 |
| Other Income | 49.99 | 54.66 | 64.76 |
| Total Income | 3,486.61 | 2,973.10 | 2,697.95 |
ELPROINTL Stock Price Movement
On Friday, Elpro International Limited shares edged higher in the closed market, settling at ₹173.51 after gaining 0.51%. The stock traded a volume of 128,168 shares during the session.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.