Greaves Cotton Limited to Invest Rs. 50 Crores in Wholly Owned Subsidiary, Greaves Finance
Greaves Cotton Limited has announced a planned investment of approximately Rs. 50 Crores into its wholly owned subsidiary, Greaves Finance Limited (GFL). The funding will be achieved through the subscription of equity shares offered on a rights basis.Greaves Cotton Limited confirmed that the investment will be utilized by GFL for general corporate, business, and on-lending purposes. This capital infusion is expected to take place on or before June 5, 2026.
Greaves Finance Limited Overview
Greaves Finance Limited, incorporated on December 31, 1958, operates as a Non-Banking Financial Company. The company is primarily engaged in the business of retail vehicle financing and lending, offering related solutions to prospective purchasers of electric 2-wheeler and 3-wheeler vehicles. GFL also extends lease financing options to last-mile delivery and service aggregators.
The subsidiary operates within the Retail e-Vehicle Financing industry.
Financial Details
As of March 31, 2026, Greaves Finance Limited reported a turnover of Rs. 39.52 Crores and a net worth of Rs. 103.63 Crores.
The historical turnover of GFL shows a consistent growth trajectory, as detailed below:
| Financial Year | Turnover (in Rs.) |
|---|---|
| FY 2025-26 | 39.52 crores |
| FY 2024-25 | 17.72 crores |
| FY 2023-24 | 5.75 crores |
The planned investment of approximately Rs. 50 Crores will be made through a cash consideration. Management confirmed that post-subscription, there will be no change in the percentage of shareholding, and Greaves Finance Limited will continue to be a wholly owned subsidiary of the company.
GREAVESCOT Stock Price Movement
On Wednesday, Greaves Cotton Limited shares edged higher to close at ₹183.96, posting a 1.35% gain for the session. The stock settled at this mark on a trading volume of 2.34 million shares.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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