Greaves Cotton’s board has approved the proposal of investment in Dee Greaves (DGL) as a part of overall corporate objective. Pursuant to the said acquisition, DGL (currently a step down subsidiary), will become wholly owned subsidiary of the company effective August 11, 2021. The Board of Directors of the company at its meeting held on August 11, 2021 has approved the same.
Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.