Acquisition of Excel Controlinkage - Greaves Cotton Ltd

Code BSE: 501455 NSE: $GREAVESCOT Greaves Cotton Completes Acquisition of Excel Controlinkage, Takes Ownership to 100% Commenting on the acquisition, Parag Satpute, Group CEO & Managing Director, Greaves Cotton Limited, said, “Greaves has built a distinguished legacy of moving India forward through reliable, sustainable and purpose-led engineering. The completion of the acquisition of Excel Controlinkage marks an important step in a margin-accretive acquisition that complements our diversification strategy. We are focused on building and scaling businesses with differentiated engineering capabilities and opportunities to participate in India’s evolving mobility and industrial ecosystem.”