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Greaves Cotton: Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015


In furtherance to our letter dated June 02 2022 which is available on the website of the Company at http://www.greavescotton.com/php/media/brochure_files/Greaves02062022.pdf we hereby intimate that Greaves Electric Mobility Private Limited (GEMPL) a subsidiary of Greaves Cotton Limited (the Company) has on June 23 2022 allotted 68 35 450 (Sixty Eight Lakh Thirty Five Thousand Four Hundred and Fifty) equity shares of face value INR 10 each representing 35.80% shareholding in GEMPL on a fully diluted basis to Abdul Latif Jameel International DMCC by way of preferential allotment through private placement basis for an overall share subscription consideration amount of INR 1170 81 00 532.50 (equivalent to USD 150 000 000). Please note that post the consummation of the aforesaid preferential allotment GEMPL continues to be a subsidiary of the Company and the Company presently holds a shareholding of 61.38% in GEMPL on a fully diluted basis.

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