GREAVESCOT

March 6 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES ELECTRIC MOBILITY PARTNERS WITH INDOFAST ENERGY

• PARTNERSHIP UNVEILS AMPERE ‘MAGNUS SW.S’ WITH BATTERY SWAPPING TECHNOLOGY

Source text: ID:nBSE62H74

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March 4 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• BOMBAY HIGH COURT APPOINTS AKASH REBELLO AS ARBITRATOR IN GCL V/S SK AGENCY CASE

Source text: ID:nNSE6NhB5c

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Jan 23 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• DEC-QUARTER CONSOL NET PROFIT 208.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.51 BILLION RUPEES

Source text: [ID:]

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** Shares of Greaves Cotton GRVL.NS rise as much as 13.4% to record high of 319.50 rupees; last up 5.5%

** Trading volumes at 98.8 mln, 8.5x 30-day average

** Reuters could not immediately ascertain the reason behind day's move

** GRVL gains for second straight session, gained 19.9% in previous session

** Relative strength index (RSI) rises to 77.8, suggesting stock might be overbought - LSEG data

** Stock more than doubled so far in 2024 vs 8.3% gains in 2023

(Reporting by Vijay Malkar)

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** Greaves Cotton GRVL.NS rises 2% to 234 rupees; set to snap a three-session losing streak

** Energy solutions provider's EV unit Greaves Electric Mobility plans to raise 10 bln rupees ($117 mln) via IPO, according to draft papers filed by it

** GRVL up ~50% YTD; on track for its biggest yearly gain in four years

($1 = 85.1590 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Corrects company name in headline to Greaves Electric Mobility from Greaves Electricity

Dec 23 (Reuters) - Indian electric-vehicle maker Greaves Electric Mobility plans to raise 10 billion rupees ($117.5 million) through an initial public offering, according to the draft papers it filed on Monday.

Greaves Electric is known for its 'Ampere' brand of e-scooters and also manufactures three-wheelers under a different brand.

The company's top shareholder – publicly listed Greaves Cotton GRVL.NS – and investment group Abdul Latif Jameel Green Mobility Solutions will sell around 189.4 million shares through the IPO.

Greaves Electric joins larger rival Ather Energy ATHR.NS in hopping onto India's primary issue bandwagon, with proceeds more than doubling year-on-year to $17.5 billion by mid-December this year, according to data compiled by LSEG.

Ola Electric Mobility's OLAE.NS IPO, the first by a pure-play Indian EV maker, saw investors bid for 4.3 times the shares on offer.

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity.

Prior to the issue, Greaves Cotton owned a 62.5% stake in Greaves Electric, with Abdul Latif Jameel Green Mobility Solutions owning the rest.

($1 = 85.0960 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Krishna Chandra Eluri)

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Dec 11 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• APPROVED OFFER FOR SALE OF CERTAIN SHARES OF GEML HELD BY CO IN PROPOSED IPO

Source text: ID:nNSE7GHh4Z

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** Shares of energy solutions provider Greaves Cotton GRVL.NS rise 3.01% to 192.60 rupees

** GRVL says board of e-scooter manufacturing subsidiary Greaves Electric Mobility (GEML) approves its IPO

** GEML's IPO will involve fresh issue of equity shares and sale of shares by some existing shareholders

** IPO subject to approval by GEML's shareholders

** Size of IPO, pricing and participant list to be disclosed soon, co says

** More than 7.1 mln shares traded, compared to 30-day avg of 2.49 mln

** GRVL stock has risen 26.8% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 12 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES COTTON SEPT-QUARTER CONSOL NET PROFIT 32.2 MILLION RUPEES

• GREAVES COTTON SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.05 BILLION RUPEES

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Sept 9 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• MINISTRY OF HEAVY INDUSTRIES APPROVED REGISTRATION OF TWO-WHEELER MODELS OF GEMPL

• APPROVAL MAKES IT ELIGIBLE FOR GOVERNMENT'S DEMAND INCENTIVES UNDER EMPS SCHEME

Source text for Eikon: [ID:]

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Aug 8 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES COTTON - SUBSCRIBE TO SHARES IN GREAVES ELECTRIC MOBILITY FOR 1.2 BILLION RUPEES

• GREAVES COTTON - SUBSCRIBE TO SHARES IN GREAVES FINANCE FOR 380 MILLION RUPEES

Source text for Eikon: ID:nBSE3yjymr

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July 10 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES FINANCE PARTNERS WITH ACKO

Source text for Eikon: ID:nBSE2r24mn

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May 8 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• DIVIDEND 2 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 25.6 MILLION RUPEES VERSUS PROFIT 266.5 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.73 BILLION RUPEES VERSUS 8.27 BILLION RUPEES

Source text for Eikon: ID:nNSE7QS0f5

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April 5 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES ELECTRIC MOBILITY APPOINTS K. VIJAYA KUMAR AS EXECUTIVE DIRECTOR AND CEO

Source text for Eikon: [ID:]

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** Shares of engineering firm Greaves Cotton GRVL.NS up 6% at 170 rupees

** GRVL says Dec-qtr consolidated profit before exceptional item and tax saw seven-fold jump, while rev from operations up 29.6%

** If gains hold, stock set to snap two straight sessions of losses; on track for best day since Aug, 2023

** Stock up nearly 13% YTD, after three straight years of gains

(Reporting by Rama Venkat in Bengaluru)

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** Shares of Greaves Cotton GRVL.NS up 3% at 171.45 rupees

** Auto components maker's unit partners with EV maker Zero21 to sell and distribute latter's electric three-wheelers

** Co did not immediately respond to Reuters' request for comments on likely revenue gains

** Stock on track to rise for fourth straight session, if trend holds

** Stock gained 10.5% over three sessions in late Jan, hitting highest since Sept. 2022

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Greaves Cotton GRVL.NS rise as much as 3.94% to 137.20 rupees apiece, highest since Oct. 12, 2023

** Company's unit Greaves Electric Mobility announces foray into global markets with the introduction of its Ampere electric two-wheelers in Nepal in collaboration with Kedia Organisation

** Nepal is a key prospective market for electric vehicles, due to escalating fuel expenses and focus on environmental sustainability, says GRVL

** Trading volume is 1.2 million shares as of 11:55 a.m. IST, 1.7 times the 30-day avg - LSEG data

** Including today's gains, GRVL down 3% in 2023 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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BENGALURU, Nov 7 (Reuters) - India's Greaves Cotton GRVL.NS on Tuesday reported a second-quarter loss, hurt by a one-time charge relating to a government incentive for electric scooter sales and higher expenses.

The company posted a consolidated loss of 1.91 billion rupees ($22.9 million) for the quarter ended Sept. 30, compared to a profit 288.8 million rupees last year.

Greaves had in May received a notice from the Indian government which alleged its electric vehicle unit failed to adhere to guidelines of an e-scooter incentive scheme, and directed that it return the subsidies claimed.

Separately, the government in May slashed e-scooter cash incentives without explanation, saying it would pay just up to 15% of the price before taxes, compared to 40% earlier.

Greaves, which also makes engines and powertrains, reported a subsidy-related provision of 4.77 billion rupees. Its overall one-time charge stood at 3.81 billion rupees, mainly due to a gain from selling land.

The company had reported a loss of 50.8 million rupees in the previous quarter as well, as sales of its "Ampere" branded electric scooters took a beating after the subsidy cut.

Quarterly expenses were up 4.5%, outpacing a 4% growth in revenue. While revenue at its biggest segment – engines – rose 20%, its electric mobility segment reported a 37% drop.

Shares closed flat and are down 12.3% since its unit received the government notice proposing that it be de-registered from the incentive scheme.

($1 = 83.2458 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Subhranshu Sahu and Varun H K)

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Nov 3 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• CONVEYED LAND IN FAVOUR OF PURCHASER FOR 2.84 BILLION RUPEES

Source text for Eikon: ID:nBSE97QBKN

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** Shares of Greaves Cotton GRVL.NS rise as much as 3.8% to 149.5 rupees, highest since May 26

** Auto components maker says its EV retail unit brand AutoEVMart has partnered with EV manufacturer Enigma Automobiles for sale and distribution of electric two-wheelers

** Stock trading above its 50-, 100-, and 200-day moving averages since Tuesday, in bullish run

** Trading volume at ~2.6 mln shares, 1.7x the 30-day avg of ~1.6 mln shares, as of 2:35 p.m. IST

** Stock up ~5% so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

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** Shares of Greaves Cotton GRVL.NS rise as much as 2.2% to 147 rupees, highest since May 26

** Co's unit, Greaves Retail announced the launch of its complete range of e-rickshaw batteries under the brand 'Power Raja by Greaves'

** Greaves did not immediately respond to a Reuters request for further details on the launch

** More than 4.7 mln shares change hands by 01:50 p.m. IST vs 3.4x 30-day avg of 1.4 mln shares

** If trends stand, GRVL on track for second consecutive session of gains

** Stock up 2.6% YTD up to last close

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Greaves Cotton GRVL.NS up as much as 5.1% to 140.5 rupees

** Stock on track for biggest intraday pct gain since June 5, and hits highest level since Aug. 10

** Key shareholder Karun Carpets bought 214,943 shares of co via open market transactions on Friday, according to NSE data

** Trading volume at 2.1 mln shares as of 11:28 a.m. IST, 1.8x the 30-day avg

** As of last close, stock down 4.6% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Aug 22 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES RETAIL PARTNERS WITH USHA FINANCIAL SERVICES

• PARTNERSHIP TO PROVIDE FLEXIBLE FINANCING SERVICES FOR ELECTRIC THREE-WHEELER SEGMENT

Source text for Eikon: ID:nBSEc6KD8v

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Aug 10 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• JUNE-QUARTER CONSOL NET LOSS 50.8 MILLION RUPEES VERSUS PROFIT 160.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.69 BILLION RUPEES VERSUS 6.60 BILLION RUPEES

Source text for Eikon: ID:nNSE8zbbMv

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Aug 2 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES ELECTRIC MOBILITY COLLABORATES WITH READYASSIST TO BRING FULL-STACK AFTER-SALES SERVICES TO FLEET CUSTOMERS

• READYASSIST WILL CATER TO AMPERE'S FLEET OF VEHICLES

• COLLABARATION WILL PROVIDE COMPREHENSIVE LIFE CYCLE SUPPORT TO CUSTOMER FLEETS

Source text for Eikon: ID:nBSE6440pr

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July 25 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES ELECTRIC MOBILITY PVT LTD COLLABORATES WITH READILY MOBILITY

• COLLABARATION TO BRING FULL-STACK AFTER-SALES SERVICES TO FLEET CUSTOMERS

Source text for Eikon: ID:nNSE4nrDxM

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** Greaves Cotton's shares GRVL.NS rise as much as 4.2% to 140.15 rupees in their sharpest intraday pct gain since June 5

** The engineering firm's e-mobility unit clocks over 200,000 secondary sales of "Ampere" electric 2-wheelers in Q1

** Stock continues trading above its 100-day moving average; hits its highest since June 23

** More than ~2.6 mln shares change hands by 12:14 p.m. IST, 1.4x the 30-day avg of ~1.8 mln shares

** All of the four analysts covering the stock have a "buy" or higher rating; median PT is 191 rupees - Refinitiv data

** Stock down 4.1% so far this year, up to last close

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Greaves Cotton GRVL.NS up as much as 2.6% to 138.2 rupees

** Stock posts biggest daily pct gain since June 5, and on track for a second consecutive session of gains if trends hold

** Co on Monday said its unit Greaves Electric Mobility entered into an agreement with Bike Bazaar Finance

** Bike Bazaar Finance will finance Greaves Electric Mobility's ELE-branded L3 electric vehicles

** Trading volume is over 1.1 mln shares as of 1:50 p.m. IST, ~0.4x the 30-day avg

** All five analysts on stock have a "buy" or higher rating; median PT is 191.00 rupees - Refinitiv data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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June 12 (Reuters) - Greaves Cotton Ltd GRVL.NS:

• GREAVES ELECTRIC MOBILITY PVT LTD TO PARTNER WITH BIKE BAZAAR FINANCE

• PARTNERSHIP TO PROVIDE FLEXIBLE FINANCING OPTIONS FOR ELECTRIC THREE-WHEELER PORTFOLIO

Source text for Eikon: ID:nBSE5rq5Xy

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** Shares of Greaves Cotton Ltd GRVL.NS rise as much as 5.12% to 137.50 rupees

** Co said its non-banking financial companies (NBFC) unit Greaves Finance Ltd has introduced a financial platmform - evfin - for 'electric vehicle (EV) financing and beyond'

** "evfin is India's first consumer finance technology platform fully dedicated to electric mobility and other sustainable solutions," said Sandeep Divakaran, CEO of Greaves Finance

** More than 3.1 mln shares change hands by 12:27 p.m. IST, 1.2x 30-day avg of 2.65 mln shares

** All 5 analysts covering the stock have a "buy" or "strong buy" rating; median PT is 191 rupees - Refinitiv data

** Stock down 6.7% YTD, as of last close

(Reporting by Ashish Chandra in Bengaluru)

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