Greaves Cotton Limited to Invest ₹331 Crore in Rights Issue Subscription of Greaves Electric Mobility
Mumbai, July 10, 2026: Greaves Cotton Limited (GCL), a prominent diversified engineering firm, has confirmed its intention to fully subscribe to its entitlement in the proposed rights issue of its subsidiary, Greaves Electric Mobility Limited (GEML). The planned investment amounts up to approximately ₹331 crore.The commitment by GCL reflects the company's sustained focus and confidence in GEML, aiming to strengthen the entity’s position within India’s rapidly evolving electric mobility sector.
Parag Satpute, Managing Director & Group CEO of Greaves Cotton Limited, stated that the proposed investment underscores the company's deep conviction in the long-term opportunity presented by the shift towards sustainable mobility in India. He added that, leveraging a strong balance sheet and disciplined capital allocation, GCL continues its focus on the broader growth trajectory of the Greaves brand.
The planned investment is integral to GCL’s strategy of developing future-ready businesses and creating sustainable value for all stakeholders.
Greaves Electric Mobility Limited (GEML) offers a diverse portfolio of electric two and three wheelers designed for both passenger and cargo mobility. Furthermore, GEML benefits from Greaves Finance Limited (GFL), an EV focused NBFC under the Group umbrella, which utilizes technology to provide customized financing options and a seamless buying experience, thereby accelerating EV adoption in India.
Greaves Cotton Limited boasts a heritage spanning over 165 years, positioning it as a diversified engineering company that delivers innovative solutions across Energy Solutions, Mobility Solutions, and Industrial Solutions.
GREAVESCOT Stock Price Movement
Greaves Cotton Limited shares are surging to ₹243.53 as of 11:37 AM, gaining 2.66% in live trading, signaling remarkable momentum for the Capital Goods stock. The equity is experiencing robust market interest, with the stock traded up alongside a volume of 2.26 million shares following its recent run toward a 52-week high.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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