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Greaves Cotton acquires 60% stake in Excel Controlinkage

10 May 2023 Evaluate

Greaves Cotton has completed first stage acquisition of 60% shareholding (on a fully diluted basis) in Excel Controlinkage (Excel). Earlier, the company had entered into a definitive agreement for the multi-tranche acquisition of Excel ControLinkage. Greaves Cotton, in February 2023, announced the signing of the binding term sheet to acquire a 100% stake through multiple tranches in Excel ControLinkage.

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.


Greaves Cotton Share Price

161.40 3.15 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
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