Greaves Cotton Limited incorporates Wholly Owned Subsidiary in UAE to Boost Global Presence
Greaves Cotton Limited has successfully incorporated a wholly owned subsidiary, Greaves International Trading FZE, in the United Arab Emirates (UAE). This strategic move aims to strengthen the company's global market presence and optimize its international supply chain.The new entity, Greaves International Trading FZE (GITFZE), was officially incorporated on June 18, 2026, in Dubai, UAE. Greaves Cotton Limited serves as the holding company of GITFZE.
The incorporation aligns with an objective to facilitate international trading and distribution activities for the products and services offered by Greaves Cotton Limited. This expansion is intended to drive business growth across overseas markets.
GITFZE operates within the Engineering Industry. The subsidiary's setup ensures that the parent company maintains full control over its international operations.
Key details regarding the new entity are summarized below:
| Particulars | Details |
|---|---|
| Name of Subsidiary | Greaves International Trading FZE (GITFZE) |
| Date of Incorporation | June 18, 2026 |
| Country of Incorporation | United Arab Emirates |
| Holding Company | Greaves Cotton Limited |
| Ownership Percentage | 100% |
| Industry | Engineering Industry |
GREAVESCOT Stock Price Movement
Shares of Greaves Cotton Limited slipped on Tuesday, shedding 3.51% as it closed at ₹205.56. The stock traded within a daily range of ₹204.88 and ₹214.97.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.
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