Greaves Cotton rises on acquiring additional 10% stake in Excel Controlinkage
Greaves Cotton is currently trading at Rs. 214.85, up by 1.15 points or 0.54% from its previous closing of Rs. 213.70 on the BSE.
The scrip opened at Rs. 214.05 and has touched a high and low of Rs. 216.55 and Rs. 212.60 respectively. So far 41325 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 319.50 on 30-Dec-2024 and a 52 week low of Rs. 154.50 on 13-Nov-2024.
Last one week high and low of the scrip stood at Rs. 219.50 and Rs. 203.10 respectively. The current market cap of the company is Rs. 4996.84 crore.
The promoters holding in the company stood at 55.81%, while Institutions and Non-Institutions held 5.98% and 38.21% respectively.
Greaves Cotton has acquired an additional approximate stake of 10% in Excel Controlinkage (Excel), a material subsidiary of the company, through the secondary route. Following this tranche, the company’s aggregate shareholding in Excel stands increased to 80%.
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 several years impacting a million lives every day.
