Greaves Cotton Limited has approved an investment of up to ₹331 crore in Greaves Electric Mobility Limited (GEML) by fully subscribing to its entitlement in the subsidiary's proposed rights issue, as per the exchange filings.
The decision reflects the company's continued focus on expanding its presence in India's electric mobility sector.
The proposed investment underlines Greaves Cotton's commitment to its electric mobility business and its confidence in GEML's growth trajectory.
According to the company, the capital infusion is intended to strengthen GEML's position in India's rapidly evolving EV market while supporting its long-term business development.
Parag Satpute, Managing Director & Group CEO of Greaves Cotton, said the proposed investment reflects the company's "conviction in the long-term opportunity presented by India's transition to sustainable mobility."
He added that the investment is backed by a "strong balance sheet, healthy cash position and disciplined capital allocation approach," while remaining focused on the broader Greaves.Next growth journey.
Greaves Cotton said the investment aligns with its strategy of building future-ready businesses while creating sustainable value for stakeholders.
With over 165 years of history, the company operates across Energy, Mobility and Industrial Solutions, with businesses including Greaves Electric Mobility and EV-focused NBFC ev.fin.
Read More: ONGC Share Price in Focus; Approves Development of 1.75 MMT Capacity Strategic Petroleum Reserves!
As of 10 July 2026, at 1:02 PM, Greaves Cotton Ltd share price was trading at ₹243.56 per share, reflecting a surge of 2.67% from the previous trading session.
The proposed investment reinforces Greaves Cotton's continued focus on its electric mobility business and reflects the company's long-term commitment to strengthening its presence across India's evolving EV ecosystem.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 10, 2026, 2:54 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
