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Greaves Cotton advances with its arm tying up with WheelsEMI

  • Nov-08-2019
  • 14 Hrs IST

Greaves Cotton is currently trading at Rs. 133.90, up by 2.25 points or 1.71% from its previous closing of Rs. 131.65 on the BSE.

The scrip opened at Rs. 130.80 and has touched a high and low of Rs. 133.90 and Rs. 130.80 respectively. So far 5385 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 157.25 on 04-Jun-2019 and a 52 week low of Rs. 112.60 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 140.00 and Rs. 126.05 respectively. The current market cap of the company is Rs. 3251.61 crore.

The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 30.52% and 17.58% respectively.

Greaves Cotton’s wholly-owned subsidiary -- Greaves Leasing Finance has entered into partnership with WheelsEMI. Greaves Finance along with WheelsEMI aims at providing easy finance options to prospective electric vehicle buyers, hence enable millions of people to embrace eco-friendly vehicles.

This move will make cost-conscious customers take a prudent decision while buying Ampere electric scooters. The financial products offered by WheelsEMI provide benefits such as credit accessibility, quick eligibility check, collateral-free loan, attractive interest rates and personal assistance through the entire process to all prospective buyers of Ampere Electric Vehicles.

Greaves Cotton, a multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/petrol engines, farm equipment and Gensets.