Stock Below Rs 200: This Cotton Company Completes 100% Acquisition of Excel Controlinkage; Check Details

Greaves Cotton has completed the acquisition of the remaining 20 per cent shareholding in Excel Controlinkage Private Limited, taking its aggregate ownership in the company to 100 per cent. The acquisition was completed through the secondary route and became effective on August 13, 2026, making Excel Controlinkage a wholly owned subsidiary of Greaves Cotton.

On Monday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 78.35 points, or 0.32 per cent, to 24,287.65. Amid the market movement, Greaves Cotton share price rose 0.33 per cent to Rs 195.01.

Greaves Cotton Completes Excel Controlinkage Acquisition

The latest transaction marks the completion of the multi-tranche acquisition process initiated in 2023, when Greaves Cotton entered into a definitive agreement to acquire Excel Controlinkage. The current acquisition of the remaining 20 per cent stake was undertaken in accordance with the definitive agreement dated April 6, 2023.

With the completion of the transaction, Greaves Cotton now holds the entire share capital of Excel Controlinkage. The company said the acquisition is aligned with its diversification strategy and is expected to complement its presence across the mobility and industrial ecosystem.
Also Read - 67% Return In Six Months: This Multibagger Defence Company Secures Rs 80 Crore Fresh Orders From Defence PSUs; FII Stake Increases

Excel Controlinkage Business

Excel Controlinkage, incorporated in 1994, operates in mechanical and electronic motion control systems. Its product portfolio includes push-pull cables, mechanical levers and linkages, and electronic throttle levers. The company's products cater to Commercial Vehicles, Construction Equipment, Agriculture, Material Handling, Marine, special-purpose vehicles, and the aftermarket.

The company also operates an integrated manufacturing facility for heavy-duty push-pull cables, including inner and outer conduits and end fittings. With Excel Controlinkage now a wholly owned subsidiary, Greaves Cotton plans to leverage its capabilities, product portfolio and customer relationships across its Energy, Mobility and Industrial Solutions businesses under the Greaves.Next strategy.

Greaves Cotton Share Price

Greaves Cotton shares were trading at Rs 195.01, up 0.33 per cent, while the Nifty 50 index declined 0.32 per cent to 24,287.65. The stock outperformed the broader benchmark during the session following the company's announcement that it had completed the acquisition of the remaining 20 per cent stake in Excel Controlinkage.

Greaves Cotton has a diversified engineering portfolio spanning Energy Solutions, Mobility Solutions and Industrial Solutions. The company also has businesses including Greaves Electric Mobility and Greaves Finance, while its products have applications across mobility, industrial and defence-related areas.

The completion of the acquisition takes Excel Controlinkage fully under Greaves Cotton and strengthens the company's control over its motion-control systems business, with the integration and performance of the wholly owned subsidiary remaining key developments to track.

Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.