Greaves Cotton Ltd Acquires 100% Stake in Excel Controlinkage

Greaves Cotton Ltd has successfully acquired the remaining 20% shareholding in its material subsidiary, Excel Controlinkage Private Limited, through a secondary route. This transaction, effective August 13, 2026, increases Greaves Cotton's aggregate shareholding to 100%, making Excel a wholly owned subsidiary. The acquisition aligns with Greaves Cotton's strategy to diversify into new product categories and strengthen its presence in the commercial vehicles sector, aiming to develop a complete mobility ecosystem. Excel Controlinkage is a significant player in mechanical and electronic motion control systems, with integrated manufacturing capabilities.