Greaves Cotton to invest about Rs 331.12 crore in subsidiary rights issue

Board & Shareholder Meetings View source PDF

GREAVESCOT · price

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AI summary

The board of Greaves Cotton approved subscribing to equity shares in its material subsidiary Greaves Electric Mobility Limited's rights issue, up to about Rs 331.12 crore, matching the company's full rights entitlement. The board also authorized the Risk, Strategy and Investment Committee to consider subscribing to any unsubscribed shares, either directly or through affiliates, subject to regulatory approvals. The board meeting ran from 2:30 PM to 4:15 PM IST on July 9, 2026.

Likely market impact

Capital deployment of about Rs 331 crore into EV subsidiary, supporting growth. Further subscription possible if shares remain unsubscribed.