Elpro International Limited ("the Company") has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding the acquisition of equity shares of Greaves Cotton Limited.
Acquisition Details
- Target Entity: Greaves Cotton Limited (GCL)
- Industry: Compressors, Pumps & Diesel Engines
- Purpose of Acquisition: Investment Purpose
- Consideration: Cash consideration of INR 5.00 Crores
- Related Party Transaction: No
- Government/Regulatory Approvals Required: Not applicable (N.A.)
- Time Period for Completion: Not specified (N.A.)
Target Company Background
Greaves Cotton Limited is a diversified, multi-product, multi-fuel, and multi-location engineering company with a 165-year legacy. The company has transformed from a diesel engine manufacturer to a fuel-agnostic, end-to-end mobility solutions provider with a purpose of "Empowering Lives." The company is enabling a sustainable transition to green mobility and aims to touch a billion lives by 2030. It is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.
- Date of Incorporation: March 29, 1922
- Country of Presence: India
Financial Information of Target Company (Consolidated)
FY 2025-26:
- Revenue from Operations: ₹3,436.62 Crores
- Other Income: ₹49.99 Crores
- Total: ₹3,486.61 Crores
FY 2024-25:
- Revenue from Operations: ₹2,918.44 Crores
- Other Income: ₹54.66 Crores
- Total: ₹2,973.10 Crores
FY 2023-24:
- Revenue from Operations: ₹2,633.19 Crores
- Other Income: ₹64.76 Crores
- Total: ₹2,697.95 Crores