Elpro International Acquires Greaves Cotton Shares for ₹5 Cr

Elpro International Ltd has acquired equity shares of Greaves Cotton Limited for a cash consideration of ₹5.00 Crores. The acquisition involves 2,30,360 fresh equity shares, bringing the total holding to 4,61,575 shares. Greaves Cotton Limited is a diversified engineering company with a legacy of 165 years, operating in Compressors, Pumps & Diesel Engines. The stated purpose of the acquisition is 'Investment'. No specific governmental or regulatory approvals are indicated as required, and the time period for completion is not specified.