Greaves Cotton Fund Raise of ₹530 Cr
Greaves Cotton's subsidiary, Greaves Electric Mobility, has fully subscribed a rights issue worth ₹530 Crore. The capital will fund next-gen product development and technology.
- Value
- ₹530.0 Cr
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Greaves Cotton's subsidiary, Greaves Electric Mobility, has fully subscribed a rights issue worth ₹530 Crore. The capital will fund next-gen product development and technology.
Greaves Cotton announced a ₹331 Crore rights issue subscription to fully fund its subsidiary Greaves Electric Mobility. The move underscores its commitment to EV growth.
Greaves Cotton Limited invested ₹50 Crore in its subsidiary, Greaves Finance Limited, through a rights issue. The capital infusion supports general corporate purposes and on-lending activities.