Greaves Cotton has approved a further investment of around Rs 22 crore in its wholly owned subsidiary, Greaves Finance (GFL), by way of subscription to the equity shares offered on a rights basis. Proceeds from the further issue of shares will be utilized by GFL towards capitalization of its borrowings.
The said transaction is expected to be completed on or before September 28, 2025. There will be no change in the shareholding of the company in GFL, and it will continue to remain a wholly owned subsidiary of the company.
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 several years impacting a million lives every day.
