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Corporate News - Detailed News Back
Greaves Electric Mobility secures Rs 530 crore through a fully subscribed rights issue
02-Aug-26   13:51 Hrs IST
Greaves Cotton Limited announced that its subsidiary, Greaves Electric Mobility Limited (GEML), has completed a rights issue of Rs 530 crore, which was fully subscribed. Greaves Cotton subscribed to its full entitlement of approximately Rs 331.12 crore in the rights issue, and its shareholding in GEML remains unchanged at 62.48%. GEML, incorporated on June 2, 2008, reported a turnover of Rs 596.98 crore as of March 31, 2026, and the proceeds from the rights issue will be used for capital expenditure, working capital requirements, and general corporate purposes.

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