Acquisitions12 Aug 2025, 09:58 pm
Greaves Cotton Acquires Additional 10% Stake in Excel Controlinkage, Increasing Its Holding to 80%
AI Summary
Greaves Cotton Limited has acquired an additional approximate stake of 10% in Excel Controlinkage Private Limited, a material subsidiary of the Company, through the secondary route. This acquisition increases the Company’s aggregate shareholding in Excel to 80%. Excel is one of the largest players in mechanical and electronic motion control systems with integrated capability to manufacture push pull cables, levers & sensors and is the margin leader in the industry. The acquisition is in line with the Company’s strategy to diversify into new product categories with the intent to strengthen its presence in commercial vehicles and develop the complete mobility ecosystem.
Key Highlights
- Greaves Cotton has acquired an additional 10% stake in Excel Controlinkage, increasing its total holding to 80%.
- Excel is a leading player in mechanical and electronic motion control systems.
- The acquisition is in line with Greaves Cotton's strategy to diversify into new product categories.
- Excel is a material subsidiary of Greaves Cotton Limited.
- The acquisition was made through the secondary route.