Greaves Cotton shares complete acquisition, taking full ownership of Excel Controlinkage
Why did Greaves Cotton Ltd shares jump today?
Greaves Cotton Ltd shares saw a positive movement on Monday, trading at ₹195.65 as of 01:01 PM, marking a 0.51% increase from the previous close. This upward tick in the stock price is directly linked to a significant corporate announcement made by the company earlier in the day.
The news driving this investor interest is the completion of Greaves Cotton's acquisition of Excel Controlinkage Private Limited. The company has successfully purchased the remaining 20% stake in Excel through a secondary deal, which now makes Excel a 100% wholly-owned subsidiary. This move finalizes Greaves Cotton's full ownership of Excel, which is recognized as one of the leading players in motion control systems.
This acquisition is a strategic step for Greaves Cotton, aligning with its "Greaves.Next" diversification plan. By fully integrating Excel Controlinkage, the company aims to strengthen its engineering portfolio and enhance its capabilities in the motion control sector, potentially leading to new growth opportunities and operational synergies in the future.
What does Greaves Cotton Ltd do?
Greaves Cotton Limited has completed the acquisition of Excel Controlinkage, taking its ownership to 100%. As a result of this transaction, Excel has become a wholly owned subsidiary of the company. Excel is recognized as one of the largest players in the field of motion control systems, which is an area that complements Greaves Cotton's existing operations.
The company maintains a registered office in the Chhatrapati Sambhajinagar district of Maharashtra, India, along with a corporate office located in the Lower Parel area of Mumbai. Greaves Cotton is listed on both the BSE Limited and the National Stock Exchange of India Limited.
Greaves Cotton Ltd Financials
In CroresGreaves Cotton Ltd's projected financials show a revenue decline from ₹1000.25 Crores in March 2026 to ₹974.12 Crores in June 2026, indicating a quarterly decrease. Conversely, profit is estimated to grow, rising from ₹22.54 Crores to ₹25.77 Crores over the same period. This suggests that despite lower top-line revenue, the company's profitability is anticipated to improve, potentially reflecting enhanced operational efficiency or cost management.
Greaves Cotton Ltd Shareholding Pattern
Promoter holding stands at 55.77% of the total share capital. Foreign Institutional Investors (FIIs) hold 1.35% stake in the company, while Domestic Institutional Investors (DIIs) hold 4.17%. Public shareholders hold the remaining 38.67% stake in Greaves Cotton Ltd.
Greaves Cotton Ltd FAQs
Q: Why did Greaves shares jump 0.51% today?
Please find enclosed herewith Press Release issued by the Company, with the heading 'Greaves Cotton Completes Acquisition of Excel Controlinkage, Takes Ownership to 100%. Kindly take ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Greaves Cotton Ltd?
As per the latest data, promoters hold 55.77% stake in Greaves Cotton Ltd, while FII holding stands at 1.35%. Domestic institutional investors hold 4.17%, and public shareholders account for 38.67% of the equity.
Q: What is the current stock price of Greaves Cotton Ltd?
Greaves Cotton Ltd shares are currently trading at ₹195.65, recording a gain of 0.51% from the previous close.
Q: What is the market capitalization of Greaves Cotton Ltd?
The company currently has a market capitalization of ₹4555.6 crore, reflecting its valuation in the Indian equity market.