Greaves Cotton (GREAVESCOT) — Board Meeting

📢 Key Event
GEML rights issue fully subscribed, company invests INR 331.12 crore

🔄 What Changed
INR 530 crore rights issue fully subscribed; shareholding remains 62.48%

🔮 What's Next
None

💡 Investor Takeaway
The company's stake in GEML remains unchanged after a fully subscribed rights issue.

Greaves Cotton announced its subsidiary Greaves Electric Mobility Limited (GEML) fully subscribed its INR 530 crore rights issue, with the company investing INR 331.12 crore to maintain its 62.48% stake. The acquisition falls under electric vehicle manufacturing, with proceeds earmarked for capital expenditure and working capital. No dilution occurred as the rights issue was fully subscribed by existing shareholders.

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About Greaves Cotton Limited (GREAVESCOT)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹3,861.4 Cr P/E: -182.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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