Greaves Cotton completes acquisition of Excel Controlinkage, securing 100% ownership Back

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.