Greaves Cotton invests ₹50 Cr in Greaves Finance via rights issue

Greaves Cotton Limited has approved a further investment of approximately ₹50 Crores in its wholly-owned subsidiary, Greaves Finance Limited (GFL), through a rights issue. GFL, incorporated in 1958, is a Non-Banking Financial Company focused on retail e-vehicle financing. This cash investment will be utilized by GFL for general corporate, business, and on-lending purposes. The transaction is a related party transaction, conducted at arm's length, and is expected to be completed by June 5, 2026. GFL's turnover was ₹39.52 Crores and net worth ₹103.63 Crores as of March 31, 2026.