Greaves Cotton for strategic purposes, has divested its entire stake in its step-down subsidiary company, Greaves Farymann Diesel GmbH (GFD), Germany. The stake in GFD was held through the company’s wholly owned subsidiary, Greaves Cotton Netherlands B.V.
Greaves Cotton, a 1,900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel/petrol engines, diesel generators and construction equipments.