Greaves Cotton gains as its retail unit partners with Usha Financial Services
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Greaves Cotton is currently trading at Rs. 134.25, up by 1.65 points or 1.24% from its previous closing of Rs. 132.60 on the BSE.
The scrip opened at Rs. 133.90 and has touched a high and low of Rs. 134.70 and Rs. 132.10 respectively. So far 50097 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 184.50 on 08-Sep-2022 and a 52 week low of Rs. 118.70 on 14-Mar 2023.
Last one week high and low of the scrip stood at Rs. 135.80 and Rs. 130.30 respectively. The current market cap of the company is Rs. 3111.12 crore.
The promoters holding in the company stood at 55.87%, while Institutions and Non-Institutions held 8.56% and 35.56% respectively.
Greaves Cotton’s retail unit -- Greaves Retail has partnered with Usha Financial Services to revolutionise customer financing within the electric three-wheeler segment. By working together, Greaves Retail aims to extend its reach and make end-customer financing more accessible and seamless across the nation. Through this collaboration, Usha Financal's distinctive dealer delivery model will be harnessed to bring the benefits of convenient and localized financing solutions to customers across the country.
The model will help dealers identify suitable customers, aid in the collection process and serve as the primary point of contact to address loan repayment challenges. With a pilot in Bihar, this model has now been effectively deployed in several dealerships across India, where Greaves Retail aims to facilitate financing for their distinct group of electric three-wheeler customers.
Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.
