Elpro International Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding acquisition of equity shares in Greaves Cotton Limited.
Acquisition Details
- Target Entity: Greaves Cotton Limited
- Acquisition Type: Fresh acquisition of equity shares
- Number of Shares Acquired: 347,585 equity shares
- Cost of Acquisition: ₹7.85 crores
- Consideration Type: Cash consideration
- Previous Holding: 461,575 equity shares
- Total Holding Post-Acquisition: 809,160 equity shares
Target Company Information
- Industry: Compressors, Pumps & Diesel Engines
- Date of Incorporation: March 29, 1922
- Business Description: 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 a purpose of "Empowering Lives" and aims to touch a billion lives by 2030. The company is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.
- Country of Presence: India
Financial Information of Target Company
Consolidated Turnover (Last 3 Financial Years):
- 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
Transaction Details
- Purpose of Acquisition: Investment Purpose
- Related Party Transaction: No
- Promoter/Promoter Group Interest: None
- Governmental/Regulatory Approvals Required: Not applicable
- Time Period for Completion: Not applicable