Greaves Cotton Limited mulls IPO of Greaves Electric Mobility Pvt Ltd

The Board of Directors of Greaves Cotton Limited at its meeting held on today i.e., 08th May, 2024, discussed and deliberated on various options to raise capital in Greaves Electric Mobility Private Limited ("GEMPL"), material subsidiary, and Greaves Finance Limited ("GFL"), wholly-owned subsidiary, through Initial Public Offering, Rights Issue and Preferential Issue, which may significantly dilute Company's shareholding in such subsidiaries.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 134.45 as compared to the previous close of Rs. 136.60. The total number of shares traded during the day was 135437 in over 2552 trades.

The stock hit an intraday high of Rs. 139.95 and intraday low of 132.15. The net turnover during the day was Rs. 18394124.00.

Source : Equity Bulls

Keywords

GreavesCotton INE224A01026 GreavesElectricMobility FundRaising