Elpro International Acquires Greaves Cotton Equity Shares

Elpro International Ltd has acquired equity shares of Greaves Cotton Limited for a cash consideration of INR 5.00 Crores. This acquisition involves 2,44,383 equity shares, increasing Elpro International's total holding in Greaves Cotton to 11,48,278 equity shares. Greaves Cotton Limited is a diversified engineering company with a legacy of 165 years, operating in the Compressors, Pumps & Diesel Engines sector. The acquisition is not a related party transaction and is expected to be at arm's length. Greaves Cotton reported a consolidated turnover of INR 3,486.61 Crores for FY 2025-26.