Elpro International Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding acquisition of equity shares of Greaves Cotton Limited.
Acquisition Details
- Target Entity: Greaves Cotton Limited
- Acquisition Purpose: Investment purpose
- Consideration: Cash consideration of ₹5.00 crores
- Transaction Nature: Not a related party transaction; promoter/promoter group/group companies have no interest in the entity being acquired
- Industry: Compressors, Pumps & Diesel Engines
- Government Approvals: Not applicable
- Completion Timeline: Not applicable
Target Company Financial Information
Greaves Cotton Limited is a diversified, multi-product, multi-fuel, and multi-location engineering company with a 165-year legacy. The company has transformed into a fuel-agnostic, end-to-end mobility solutions provider with the purpose of "Empowering Lives" and aims to touch a billion lives by 2030.
Consolidated Turnover (Last Audited FY 2025-26):
- Revenue from Operations: ₹3,436.62 crores
- Other income: ₹49.99 crores
- Total: ₹3,486.61 crores
Historical Consolidated Turnover:
- FY 2024-25: ₹2,973.10 crores (Revenue from Operations: ₹2,918.44 crores, Other income: ₹54.66 crores)
- FY 2023-24: ₹2,697.95 crores (Revenue from Operations: ₹2,633.19 crores, Other income: ₹64.76 crores)
Company Details:
- Date of Incorporation: March 29, 1922
- Business: Building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain