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Greaves Cotton completes acquisition of Excel Controlinkage, securing 100% ownership
14-Aug-2026, 03:44
Greaves Cotton Limited announced it has acquired the remaining 20% shareholding in Excel Controlinkage Private Limited through a secondary route, increasing its stake to 100% and making Excel a wholly owned subsidiary, effective August 13, 2026. The acquisition, in accordance with a definitive agreement dated April 6, 2023, follows previous announcements regarding the proposed acquisition in February 2023.
Greaves Cotton Limited announced it has acquired the remaining 20% shareholding in Excel Controlinkage Private Limited through a secondary route, increasing its stake to 100% and making Excel a wholly owned subsidiary, effective August 13, 2026. The acquisition, in accordance with a definitive agreement dated April 6, 2023, follows previous announcements regarding the proposed acquisition in February 2023.