01-01-1970 12:00 AM | Source: Accord Fintech
Greaves Cotton jumps as its arm partners with Ather Energy
News By Tags | #483 #440 #572

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Greaves Cotton is currently trading at Rs. 134.25, up by 2.70 points or 2.05% from its previous closing of Rs. 131.55 on the BSE.

The scrip opened at Rs. 131.95 and has touched a high and low of Rs. 135.80 and Rs. 131.40 respectively. So far 74615 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. 129.10 respectively. The current market cap of the company is Rs. 3072.84 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 wholly owned subsidiary -- Greaves Finance under its brand evfin has partnered with Ather Energy, India's leading electric two-wheeler manufacturer. evfin's partnership with Ather Energy will grant their customers exclusive access to a diverse range of financing solutions customised to cater to their individual needs and preferences. This partnership aims to revolutionise the electric vehicle ownership experience, enhancing convenience and appeal for potential EV owners.

Ather Energy's customers will have the exclusive privilege of accessing five curated financing schemes from evfin, each thoughtfully tailored to accommodate a diverse range of needs and preferences with a core focus on buyback and upgrade.

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.