Subsidiary GEML's INR 530 Crore Rights Issue Fully Subscribed

Corporate Actions View source PDF Explain this filing

GREAVESCOT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹238.00

prior close

₹238.39

announcement price

In-mkt

timing

Nifty Microcap 250market+1.3%-4.2% vs market

Compressors Pumps & Diesel Engines peers, median of 13sector+0.3%-3.2% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 3.2 pts less than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.1

15m

+0.4

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9+1.3-4.2+0.3-3.2

Next day

-16.4+1.8-18.2-0.2-16.2

-17.4+3.1-20.5-0.4-17.0

-15.0+3.5-18.5+0.1-15.1

-16.3+3.5-19.8-0.6-15.7

-18.1+3.4-21.5-1.2-16.9

-18.6+3.6-22.2-1.2-17.4

15d

-19.3+4.9-24.1-1.6-17.7

-18.3+4.4-22.7+0.3-18.5

-7.2+2.9-10.1-3.6-3.5

—————

UpDownMarket · Nifty Microcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Greaves Cotton's subsidiary Greaves Electric Mobility (GEML) completed a fully subscribed rights issue of INR 530 crore. Existing shareholders Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions participated in proportion to their holdings. Capital will fund next-gen products, battery management systems, power trains, and new technology development. GEML noted it will not use the SEBI extension and remains committed to a public listing at an appropriate time, subject to market and regulatory conditions.

Likely market impact

Signals strong shareholder confidence in GEML's EV growth; no direct capital raised by Greaves Cotton itself.