Investment Details
Greaves Cotton Limited has approved a further investment of approximately ₹50 Crores in its wholly owned subsidiary, Greaves Finance Limited (GFL). The investment will be made by way of subscription to equity shares offered on a rights basis.
Subsidiary Information
Target Entity: Greaves Finance Limited (GFL)
Incorporation Date: 31st December 1958
Business: Non-Banking Financial Company engaged in retail vehicle financing, lending and related solutions to prospective purchasers of electric 2-wheeler and 3-wheeler vehicles. Also offers lease financing options to last-mile delivery and service aggregators.
Financial Metrics (as on 31st March, 2026):
- Turnover: ₹39.52 Crores
- Net Worth: ₹103.63 Crores
Historical Turnover:
- FY 2025-26: ₹39.52 crores
- FY 2024-25: ₹17.72 crores
- FY 2023-24: ₹5.75 crores
Transaction Specifics
Related Party Status: The transaction is a related party transaction but will be conducted at arm's length. None of the promoter/promoter group/group companies have any interest in the entity.
Industry Classification: Retail e-Vehicle Financing
Purpose of Investment: The investment will be utilized by GFL for general corporate, business and on-lending purposes.
Regulatory Approvals: Not Applicable
Completion Timeline: On or before 5th June 2026
Consideration Type: Cash Consideration
Ownership Impact: There will be no change in the percentage of shareholding post-subscription. GFL shall continue to be a wholly owned subsidiary of Greaves Cotton Limited.
Geographic Presence: India