Elpro International Ltd has acquired Rs 5 crore worth of equity shares of Greaves Cotton Limited, as per a BSE filing. The acquisition is part of the company’s investment strategy, with Elpro buying 2,31,215 equity shares of Greaves Cotton. This move marks Elpro’s entry into the compressors, pumps, and diesel engines industry.
The Greaves Cotton Limited has a diversified portfolio with a legacy of engineering excellence. The company’s consolidated turnover for the last audited financial year (FY 2025-26) stood at Rs 3,486.61 crore, with Rs 3,436.62 crore coming from revenue from operations.
The acquisition is expected to strengthen Elpro’s position in the market, with the company looking to expand its portfolio through strategic investments.
The cash consideration of Rs 5 crore is a significant investment for Elpro, indicating the company’s confidence in Greaves Cotton’s growth potential.
As part of the agreement, Elpro has acquired a 2,31,215 equity shares of Greaves Cotton, with no previous holding in the company. The acquisition is a significant move for Elpro, marking its entry into a new industry.
This acquisition reinforces Elpro’s position as a strategic investor in the Indian market, with the company looking to expand its portfolio through targeted investments.
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