Greaves Cotton Approves ₹331.12 Cr Investment in Subsidiary Rights Issue

Greaves Cotton Limited's Board of Directors has approved the subscription to equity shares of its material subsidiary, Greaves Electric Mobility Limited, through a rights issue. The company will subscribe to its full rights entitlement, amounting to approximately ₹331.12 crore. Additionally, the Risk, Strategy and Investment Committee has been authorized to subscribe to any unsubscribed shares in the rights issue, subject to regulatory approvals. The board meeting took place on July 9, 2026.