Greaves Cotton Limited ( (IN:GREAVESCOT) ) has issued an update.
Greaves Cotton Limited has announced the allotment of 301,149 equity shares under its Employee Stock Option Plan 2020. This move, approved by the company’s Nomination and Remuneration Committee, increases the company’s issued, subscribed, and paid-up capital to Rs. 46,55,65,470, reflecting its commitment to employee engagement and retention. The newly allotted shares will hold equal status with existing shares, potentially enhancing stakeholder value and reinforcing the company’s market position.
More about Greaves Cotton Limited
Greaves Cotton Limited operates in the engineering industry, focusing on manufacturing and distributing engines and heavy equipment. The company is known for its diverse range of products, including diesel and petrol engines, generator sets, and farm equipment, catering primarily to the automotive and industrial sectors.
YTD Price Performance: -34.36%
Average Trading Volume: 280,916
Current Market Cap: 45.22B INR
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